| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | plant_closure | in_progress | Riceboro, Georgia, United States | PS NA — containerboard mill | USD -6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2026 net benefit of $6M from adjustments (Q2 2026 benefit of $13M); no employee count disclosed. Severance of $6M and inventory charges of $10M remain accrued at 2026-06-30; severance payable within twelve months. | ||||
| 2026-06-30 | restructuring | in_progress | Europe, Middle East and Africa | PS EMEA — resource and asset realignment | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2026 charge of $22M (Q2 2026: $14M), including severance of $12M YTD (Q2: $8M) and other costs of $10M YTD. At 2026-06-30, $97M severance accrued in Accrued payroll and benefits and $54M other costs accrued; severance payable within twelve months. No employee count disclosed. | ||||
| 2026-06-30 | restructuring | in_progress | North America | PS NA — resource and asset realignment | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2026 charge of $16M (Q2 2026: $8M) of severance and other charges. At 2026-06-30, $17M severance accrued in Accrued payroll and benefits, payable within twelve months. No employee count disclosed. | ||||
| 2026-06-30 | acquisition_addition | completed | 2026-06-04 | Longview, Washington, United States | PS NA — NORPAC mill acquisition | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired North Pacific Paper Company for $368M; no headcount added disclosed. Since acquisition, Net sales of $36M and Net earnings (loss) of $(5)M included in results. | ||||
| 2026-06-30 | acquisition_addition | completed | 2026-05-18 | Dover, Delaware, United States | PS NA — converting facility acquisition | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired a converting facility from Delmarva Corrugated Packaging for $95M, accounted for as an asset acquisition; no headcount added disclosed. | ||||
| 2026-06-30 | divestiture_reduction | completed | 2026-01-23 | Global | Global Cellulose Fibers business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of GCF business to American Industrial Partners for $1.1B cash plus preferred stock; closed within the year-to-date period (Q1 2026). No headcount removed disclosed. | ||||
| 2026-06-30 | other | in_progress | 2026-06-30 | 2026-08 | Pine Hill, Alabama, United States | PS NA — mill operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operations temporarily suspended at end of June 2026 following roof damage from a weather event; manufacturing expected to resume in August 2026. No workforce impact quantified. | |||
| 2026-06-30 | restructuring | in_progress | United States | PS NA | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Riceboro mill closure costs. Includes adjustments of $13 million for the three months ended June 30, 2026. Severance charges of $6 million recorded in Accrued payroll and benefits. | ||||
| 2026-06-30 | restructuring | in_progress | EMEA | PS EMEA | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resource and asset realignment. Includes severance charges of $8 million and other costs of $6 million for the three months ended June 30, 2026. Severance charges of $97 million recorded in Accrued payroll and benefits. | ||||
| 2026-06-30 | restructuring | in_progress | United States | PS NA | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resource and asset realignment. Includes severance and other charges of $8 million for the three months ended June 30, 2026. Severance charges of $17 million recorded in Accrued payroll and benefits. | ||||
| 2026-06-30 | plant_closure | in_progress | 2026-06-30 | 2026-08-01 | United States | PS NA | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Temporary suspension of operations at Pine Hill, Alabama mill to complete repairs following roof damage caused by a weather event. Expected to resume manufacturing operations in August 2026. | |||
| 2026-06-30 | acquisition_addition | completed | 2026-06-04 | 2026-06-04 | United States | PS NA | USD 368 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of North Pacific Paper Company (NORPAC) in Longview, Washington for $368 million. Employee count not disclosed. | ||
| 2026-06-30 | acquisition_addition | completed | 2026-05-18 | 2026-05-18 | United States | PS NA | USD 95 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of a converting facility in Dover, Delaware from Delmarva Corrugated Packaging for $95 million. Employee count not disclosed. | ||
| 2026-06-30 | divestiture_reduction | completed | 2026-01-23 | 2026-01-23 | Global | Global Cellulose Fibers | USD 1,100 (millions) | divestitures_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Global Cellulose Fibers (GCF) business to American Industrial Partners for cash consideration of $1.1 billion and preferred stock. Employee count not disclosed. | ||
| 2026-06-30 | restructuring | in_progress | USD 9,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-06-30 | restructuring | in_progress | Riceboro Mill [Member] | USD -13,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | Resource And Asset Realignment - Packaging Solutions EMEA [Member] | USD 14,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | Resource And Asset Realignment - Packaging Solutions North America [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | Resource And Asset Realignment [Member] | USD 22,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | plant_closure | in_progress | Riceboro, Georgia, United States | PS NA — containerboard mill | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Riceboro mill closure costs of $7M, including $3M severance (majority paid) and $4M other costs as of 2026-03-31; no employee count disclosed. | ||||
| 2026-03-31 | restructuring | in_progress | EMEA | PS EMEA — resource and asset realignment | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Includes $4M severance ($3M accrued at 2026-03-31, payable within twelve months) and $4M other costs paid in Q1 2026; no employee count disclosed. | ||||
| 2026-03-31 | restructuring | in_progress | North America | PS NA — resource and asset realignment | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Includes $6M severance accrued at 2026-03-31 (payable within twelve months) and $2M other costs; no employee count disclosed. | ||||
| 2026-03-31 | divestiture_reduction | completed | 2026-01-23 | Global | Global Cellulose Fibers business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Global Cellulose Fibers business to American Industrial Partners completed 2026-01-23 for $1.1B cash plus $168M preferred stock; no headcount transferred disclosed. | ||||
| 2026-03-31 | acquisition_addition | announced | 2026-04-16 | United States (West Coast) | Paper manufacturing (NORPAC) | USD 360 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire North Pacific Paper Company for $360M, subject to regulatory approvals; purchase price, not a workforce charge. No headcount disclosed. | |||
| 2026-03-31 | plant_closure | in_progress | Georgia, USA | PS NA | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Riceboro mill closure costs include $3 million in severance charges. | ||||
| 2026-03-31 | restructuring | in_progress | EMEA | PS EMEA | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resource and asset realignment includes $4 million in severance charges. | ||||
| 2026-03-31 | restructuring | in_progress | North America | PS NA | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resource and asset realignment includes $6 million in severance charges. | ||||
| 2026-03-31 | divestiture_reduction | completed | 2026-01-23 | Global | Global Cellulose Fibers | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Global Cellulose Fibers business completed. Headcount not disclosed. | ||||
| 2026-03-31 | acquisition_addition | announced | 2026-04-16 | United States | PS NA | USD 360 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement to acquire North Pacific Paper Company (NORPAC). Headcount not disclosed. | |||
| 2026-03-31 | restructuring | in_progress | USD 23,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-03-31 | restructuring | in_progress | Riceboro Mill [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | Resource And Asset Realignment - Packaging Solutions EMEA [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | Resource And Asset Realignment - Packaging Solutions North America [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | Resource And Asset Realignment [Member] | USD 16,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | 1,400 | North America and EMEA | Packaging Solutions North America and Packaging Solutions EMEA | USD 626 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 1,400 workforce reduction across combined 2025 actions. North America: closures of 3 mills, 2 recycling facilities, 6 box plants, 1 sheet plant, 1 sheet feeder, 1 molded fiber facility and 1 box-to-sheet-feeder conversion; EMEA: closures of 17 packaging plants, 1 mill and 1 recycling center. Charge components: Red River mill $84M, Savannah mill $125M, Riceboro mill $96M, PS EMEA resource/asset realignment $262M, PS NA resource realignment $59M. Company also exited the converting bag business in 2025. Headcount not split by geography; some severance expected to be paid in 2026. | |||
| 2025-12-31 | acquisition_addition | completed | 2025-01-31 | 2025-01-31 | North America and EMEA | Packaging Solutions North America and Packaging Solutions EMEA | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | DS Smith combination closed 2025-01-31 for ~$9.9B; headcount added not disclosed. DS Smith represented ~43% of total assets and ~33% of net sales at 12/31/2025. Acquisition-related costs of $237M recorded as a 2025 special item. | |||
| 2025-12-31 | divestiture_reduction | completed | 2025-08-21 | 2026-01-23 | Global Cellulose Fibers | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Global Cellulose Fibers business to American Industrial Partners for $1.5B announced 2025-08-21 and completed 2026-01-23 (subsequent to fiscal year-end); headcount removed not disclosed. A $1.07B pre-tax impairment was recorded in discontinued operations for 2025. | ||||
| 2025-12-31 | restructuring | completed | 1,400 | 2025-01-01 | 2025-12-31 | Global (North America and EMEA) | Packaging Solutions | USD 626 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Portfolio rationalizations and organizational improvements reduced workforce by approximately 1,400. Includes closures of mills, recycling facilities, and box plants in NA and EMEA. Charge of $626 million recorded in 2025. | |
| 2025-12-31 | divestiture_reduction | completed | 2025-08-21 | 2026-01-31 | Global | Global Cellulose Fibers | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold Global Cellulose Fibers business to American Industrial Partners. Completed January 2026. Employee count not explicitly disclosed in this filing. | |||
| 2025-12-31 | restructuring | in_progress | USD 626,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-12-31 | restructuring | in_progress | Red River Mill [Member] | USD 84,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Savannah Mill [Member] | USD 125,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Riceboro Mill [Member] | USD 96,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Packaging Solutions EMEA [Member] | USD 262,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Packaging Solutions North America [Member] | USD 59,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Red River Containerboard Mill [Member] | USD 84,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Resource And Asset Realignment [Member] | USD 321,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-09-30 | plant_closure | in_progress | 1,200 | United States (Georgia) and Croatia | Packaging Solutions North America / Packaging Solutions EMEA | USD 840 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Riceboro GA, Savannah GA and Belisce Croatia mills, cutting ~1.7M tons of containerboard capacity; combined pre-tax charges include ~$600M accelerated depreciation. Headcount is a combined figure for all three mills; announcement date not stated in filing. | |||
| 2025-09-30 | plant_closure | in_progress | United States (Louisiana) | Packaging Solutions North America | USD 85 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Red River mill closure costs for the nine months ended 2025-09-30, including $18M severance, $26M inventory and $41M other charges; employee count not disclosed. | ||||
| 2025-09-30 | restructuring | in_progress | Europe, Middle East and Africa | Packaging Solutions EMEA | USD 97 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Resource realignment under the 80/20 strategy; $97M of other costs for the nine months ended 2025-09-30, of which $79M severance accrued and payable within twelve months; headcount not disclosed. | ||||
| 2025-09-30 | restructuring | in_progress | United States | Packaging Solutions North America | USD 52 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Resource realignment under the 80/20 strategy; $52M of other costs for the nine months ended 2025-09-30, of which $46M severance accrued and payable within twelve months; headcount not disclosed. | ||||
| 2025-09-30 | acquisition_addition | completed | 2025-01-31 | 2025-01-31 | Global (predominantly Europe and North America) | Packaging Solutions North America / Packaging Solutions EMEA | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | DS Smith acquisition closed 2025-01-31 for ~$9.9B in stock; acquired headcount not disclosed in this filing. Acquisition-related costs were $94M for the nine months ended 2025-09-30. | |||
| 2025-09-30 | divestiture_reduction | announced | 2025-08-21 | 2025-12-31 | Global | Global Cellulose Fibers (discontinued operations) | USD 1,008 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Global Cellulose Fibers to American Industrial Partners for $1.5B (incl. $190M preferred stock); $1.0B pre-tax impairment recorded in Q3 2025 discontinued operations. Headcount not disclosed; expected to close by year-end 2025 subject to regulatory approvals. | ||
| 2025-09-30 | divestiture_reduction | announced | 2025-10 | Not disclosed | Bag converting operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event sale of bag converting operations in October 2025; headcount and terms not disclosed. | ||||
| 2025-09-30 | other | in_progress | United States | Information technology services | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Strategic transition to outsource a significant portion of North American IT services and support functions; number of employees affected not disclosed. | |||||
| 2025-09-30 | restructuring | in_progress | 1,200 | 2025-09-30 | Global | Packaging Solutions | USD 840 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Mill closures in Riceboro, GA; Savannah, GA; and Belisce, Croatia. Combined pre-tax charges of approx $840M including $600M accelerated depreciation. | ||
| 2025-09-30 | divestiture_reduction | announced | 2025-08-21 | 2025-12-31 | Global | Global Cellulose Fibers | USD 1,000 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell Global Cellulose Fibers business to AIP for $1.5B. Recorded $1.0B impairment charge. Employee count not disclosed. | ||
| 2025-09-30 | restructuring | in_progress | 2025-09-30 | North America | Corporate / IT | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiated strategic transition to outsource significant portion of North American IT services and support functions. | ||||
| 2025-09-30 | restructuring | in_progress | USD 342,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-09-30 | restructuring | in_progress | Red River Mill [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Savannah Mill [Member] | USD 135,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Riceboro Mill [Member] | USD 95,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Packaging Solutions EMEA [Member] | USD 67,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Packaging Solutions North America [Member] | USD 45,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Red River Containerboard Mill [Member] | USD 85,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | plant_closure | in_progress | Campti, Louisiana, United States | Packaging Solutions North America (containerboard mill) | USD 85 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of the Red River containerboard mill; $85M restructuring charges recorded in the six months ended June 30, 2025, including $17M of severance, $25M inventory charges and $43M other costs. No employee count disclosed. Closure was previously announced; announcement date not stated in this filing. | ||||
| 2025-06-30 | restructuring | in_progress | United States | Company-wide (80/20 strategic approach) | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $37M recorded in the six months ended June 30, 2025 ($32M in the quarter) for other costs related to the 80/20 strategic approach, including resource realignment and mill strategic actions. Severance component not separately quantified for this sub-program; no employee count disclosed. | ||||
| 2025-06-30 | acquisition_addition | completed | 2025-01-31 | 2025-01-31 | North America and EMEA | Packaging Solutions North America; Packaging Solutions EMEA | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of DS Smith completed January 31, 2025; DS Smith results included from acquisition date. Purchase consideration approximately $9.9 billion. Headcount added through the acquisition is not disclosed in this filing. | |||
| 2025-06-30 | divestiture_reduction | completed | 2025-01-24 | 2025-06-30 | France, Portugal, Spain | Packaging Solutions EMEA (corrugated box plants) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of five European box plants (Saint-Amand, Mortagne, Cabourg in France; Ovar in Portugal; Bilbao in Spain) to Palm Group for EUR 125 million, completed June 30, 2025 as an EC remedy for the DS Smith combination; net gain of $51 million recorded. Announcement date reflects the European Commission publication date. No employee count disclosed. | |||
| 2025-06-30 | other | announced | North America and EMEA | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states the Company took cost-out actions in the quarter, including announced facility closures in North America and EMEA, as part of the 80/20 approach. Specific sites and headcount impacts beyond the Red River closure are not quantified in this filing. | |||||
| 2025-06-30 | plant_closure | in_progress | Campti, Louisiana | Packaging Solutions North America | USD 85 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent closure of Red River containerboard mill. YTD charges include $17M severance, $25M inventory, and $43M other costs. Employee count not disclosed. | ||||
| 2025-06-30 | restructuring | in_progress | Global | Corporate / All Segments | USD 37 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs related to 80/20 strategic approach. YTD charges of $37M. Employee count not disclosed. | ||||
| 2025-06-30 | acquisition_addition | completed | 2025-01-31 | Global | Packaging Solutions North America, Packaging Solutions EMEA | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of DS Smith Plc completed Jan 31, 2025. Headcount added not explicitly disclosed. | ||||
| 2025-06-30 | divestiture_reduction | completed | 2025-06-30 | France, Portugal, Spain | Packaging Solutions EMEA | USD -51 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of five European plants (Mortagne, Saint-Amand, Cabourg, Ovar, Bilbao) to Palm Group. Net gain of $51M recorded. Headcount removed not explicitly disclosed. | |||
| 2025-06-30 | restructuring | in_progress | USD 39,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-30 | restructuring | in_progress | Red River Containerboard Mill [Member] / Packaging Solutions North America Segment [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 80/20 Strategic Approach [Member] / Packaging Solutions North America Segment [Member] | USD 32,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | plant_closure | in_progress | Campti, Louisiana, United States | Packaging Solutions North America (containerboard mill) | USD 78 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Red River containerboard mill. Charge includes $17M severance, $22M inventory, $39M other. No employee count disclosed. Severance majority payable in 2025. | ||||
| 2025-03-31 | restructuring | in_progress | United States | Corporate / enterprise-wide (80/20 strategic approach) | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other costs related to 80/20 strategic approach. No employee count disclosed. | ||||
| 2025-03-31 | acquisition_addition | completed | 2025-01-31 | 2025-01-31 | Global (primarily Europe and North America) | Packaging Solutions North America; Packaging Solutions EMEA | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | DS Smith acquisition closed 2025-01-31; 178,126,631 IP shares issued. No headcount added disclosed. | |||
| 2025-03-31 | divestiture_reduction | in_progress | 2025-01-31 | 2025-06-30 | France (Mortagne, Saint-Amand, Cabourg); Portugal (Ovar); Spain (Bilbao) | Packaging Solutions EMEA (corrugated box plants) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five European plants to be divested as EC remedy for DS Smith acquisition. Assets/liabilities held for sale at 2025-03-31. Exclusive negotiations with Palm Group announced 2025-04-14. No headcount disclosed. | |||
| 2025-03-31 | plant_closure | in_progress | 2025-03-31 | Campti, Louisiana | Packaging Solutions North America | USD 78 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent closure of Red River containerboard mill. Includes $17M severance, $22M inventory charges, and $39M other costs. Majority of severance to be paid in 2025. | |||
| 2025-03-31 | restructuring | in_progress | 2025-03-31 | Global | Corporate | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs related to 80/20 strategic approach. | |||
| 2025-03-31 | acquisition_addition | completed | 2025-01-31 | 2025-01-31 | Global | Packaging Solutions North America, Packaging Solutions EMEA | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Completed acquisition of DS Smith Plc. Headcount not explicitly disclosed. | |||
| 2025-03-31 | divestiture_reduction | announced | 2025-04-14 | 2025-06-30 | Europe (France, Portugal, Spain) | Packaging Solutions EMEA | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Announced exclusive negotiations to divest five European plants (Mortagne, Saint-Amand, Cabourg, Ovar, Bilbao) as condition for DS Smith acquisition clearance. Closing expected by end of Q2 2025. | |||
| 2025-03-31 | restructuring | in_progress | USD 83,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-03-31 | restructuring | in_progress | Red River Containerboard Mill / Packaging Solutions North America [Member] | USD 78,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | 80/20 Strategic Approach [Member] / Packaging Solutions North America [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | completed | 650 | 2024-10-15 | 2024-12-31 | Corporate | USD 61 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Corporate overhead restructuring plan reduced workforce by approximately 650; substantially implemented in Q4 2024. Charge shown is the Corporate-segment portion of the $105M total 80/20 resource alignment severance (Industrial Packaging $42M, Global Cellulose Fibers $2M) | ||
| 2024-12-31 | plant_closure | completed | 2024-10-31 | 2024-12-31 | United States | Global Cellulose Fibers | USD 119 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Georgetown, South Carolina pulp and paper mill; $119M charged in Q4 2024 (includes $39M severance, $34M inventory, $46M other). Appendix I marks the site as closed December 2024; headcount not disclosed | ||
| 2024-12-31 | plant_closure | completed | United States | Industrial Packaging | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Five box plants closed during 2024 as part of the 80/20 approach; together with Georgetown, expected to remove roughly $110M of annual run-rate cost. Headcount and individual closure dates not disclosed | |||||
| 2024-12-31 | plant_closure | announced | 2025-02-13 | 2025-03-31 | United States | Industrial Packaging | USD 357 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Campti, Louisiana containerboard mill announced after fiscal year-end; includes ~$311M non-cash asset write-offs (of which $276M accelerated depreciation) and ~$46M cash severance and shutdown charges. Headcount not disclosed | ||
| 2024-12-31 | acquisition_addition | completed | 2024-04-16 | 2025-01-31 | United Kingdom | Industrial Packaging | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-stock business combination closed 2025-01-31 with issuance of 178,126,631 shares (~34.1% of combined company); acquired headcount not disclosed in this filing. $86M of 2024 transaction costs recorded in selling and administrative expenses | |||
| 2024-12-31 | divestiture_reduction | announced | 2025-01-24 | France, Portugal, Spain | Industrial Packaging | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Commitment to divest plants in Mortagne, Saint-Amand and Cabourg (France), Ovar (Portugal) and Bilbao (Spain) as condition of DS Smith clearance; announced after fiscal year-end, headcount not disclosed | ||||
| 2024-12-31 | restructuring | completed | 650 | 2024-10-15 | 2024-12-31 | Corporate | Corporate Overhead | USD 105 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Corporate overhead restructuring plan to reduce operating costs and optimize organizational structure. Substantially implemented in Q4 2024. | |
| 2024-12-31 | plant_closure | completed | 2024-10-31 | South Carolina, USA | Global Cellulose Fibers | USD 119 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Permanent closure of pulp and paper mill in Georgetown, South Carolina. Employee count not explicitly disclosed in text, but $119M charges incurred in Q4 2024. | |||
| 2024-12-31 | plant_closure | announced | 2025-02-13 | 2025-03-31 | Louisiana, USA | Industrial Packaging | USD 357 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Permanent closure of Red River containerboard mill in Campti, Louisiana. Operations expected to cease by March 31, 2025. | ||
| 2024-12-31 | restructuring | in_progress | USD 221,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2024-12-31 | restructuring | in_progress | Employee Severance [Member] / 80/20 Strategic Approach [Member] | USD 105,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Facility Closing [Member] / Georgetown, South Carolina mill [Member] | USD 119,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Other Restructuring [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | 650 | 2024-10-15 | 2024-12-31 | Corporate | USD 80 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Aggregate pre-tax severance charges of ~$80M; $49M recorded in Q3 2024 and ~$30M anticipated in Q4 2024; majority expected substantially implemented by 2024-12-31. Note 7 separately reports $56M of Q3 2024 severance for the 80/20 resource realignment, split $38M Corporate, $17M Industrial Packaging, $1M Global Cellulose Fibers. | ||
| 2024-09-30 | plant_closure | in_progress | 2024-12-31 | United States | North American Industrial Packaging | USD 7 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five packaging plants to close in Q4 2024; ~$7M pre-tax restructuring charges recorded in Q3 2024, with ~$18M additional restructuring charges and ~$15M accelerated depreciation anticipated in Q4 2024. No employee count disclosed. Note 7 reports $17M of Q3 2024 Industrial Packaging severance for the 80/20 resource realignment. | |||
| 2024-09-30 | plant_closure | announced | 675 | 2024-10-31 | 2024-12-31 | Georgetown, South Carolina, United States | Global Cellulose Fibers | USD 270 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Georgetown pulp and paper mill, staged shutdown complete by year end 2024. Charges comprise ~$220M noncash accelerated depreciation and ~$50M severance and shutdown charges, all expected in Q4 2024. Press release reports 526 hourly and 148 salaried employees impacted; reduces fluff pulp capacity ~300,000 metric tons and uncoated freesheet capacity 285,000 short tons. | |
| 2024-09-30 | plant_closure | completed | 2023-10-28 | 2024-10-31 | Orange, Texas, United States | Industrial Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanently closed Orange, Texas containerboard mill (closure announced 2023-10-28) sold 2024-10-31 for ~$85M cash; ~$60M gain expected in Q4 2024. No employee count disclosed. Note 7 includes $3M of nine-month 2024 restructuring costs for this closure combined with permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills. | |||
| 2024-09-30 | restructuring | in_progress | 650 | 2024-10-15 | 2024-12-31 | Global | Corporate | USD 80 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Corporate overhead restructuring plan to reduce operating costs and optimize organizational structure. $49M recorded in Q3 2024, ~$30M expected in Q4 2024. | |
| 2024-09-30 | plant_closure | announced | 675 | 2024-10-31 | 2024-12-31 | South Carolina, United States | Global Cellulose Fibers | USD 270 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Permanent closure of Georgetown pulp and paper mill. Charges include ~$220M accelerated depreciation and ~$50M severance/shutdown charges. | |
| 2024-09-30 | restructuring | in_progress | 2024-10-31 | 2024-12-31 | North America | Industrial Packaging | USD 25 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Closure of five packaging facilities. $7M incurred in Q3 2024, ~$18M additional restructuring charges and ~$15M accelerated depreciation expected in Q4 2024. | ||
| 2024-09-30 | restructuring | in_progress | USD 56,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-09-30 | restructuring | in_progress | Employee Severance [Member] | USD 56,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | Employee Severance [Member] / Corporate Segment [Member] | USD 38,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | Employee Severance [Member] / Industrial Packaging [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | Employee Severance [Member] / Global Cellulose Fibers [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | North American Industrial Packaging [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | plant_closure | in_progress | United States (Orange, Texas; Riegelwood, North Carolina; Pensacola, Florida) | Industrial Packaging / Global Cellulose Fibers | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $3M recorded in Q1 2024 for permanent closure of the Orange, TX containerboard mill and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL. No restructuring charges recorded in Q2 2024. No employee counts, announcement date, or completion date disclosed. | ||||
| 2024-06-30 | acquisition_addition | announced | 2024-04-16 | 2024-12-31 | United Kingdom / Europe | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock acquisition of DS Smith Plc announced 2024-04-16; HSR waiting period expired 2024-06-25; expected to close Q4 2024 subject to shareholder and regulatory approvals. Transaction costs of $17M in Q2 2024 ($22M YTD). No headcount added disclosed. | |||
| 2024-06-30 | restructuring | completed | 2024-03-31 | United States | Industrial Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with permanent closure of containerboard mill in Orange, Texas and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills. Employee count not disclosed. | |||
| 2024-06-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-03-31 | plant_closure | in_progress | Orange, Texas, United States | Industrial Packaging — containerboard mill | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of the Orange, Texas containerboard mill; no employee count or completion date disclosed. Part of a $3M total restructuring charge for the quarter. | |||||
| 2024-03-31 | plant_closure | in_progress | Riegelwood, North Carolina, United States | Global Cellulose Fibers — pulp machines | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of pulp machines at the Riegelwood mill; no employee count or completion date disclosed. Included in the $3M total restructuring charge. | |||||
| 2024-03-31 | plant_closure | in_progress | Pensacola, Florida, United States | Global Cellulose Fibers — pulp machines | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of pulp machines at the Pensacola mill; no employee count or completion date disclosed. Included in the $3M total restructuring charge. | |||||
| 2024-03-31 | acquisition_addition | announced | 2024-04-16 | 2024-12-31 | United Kingdom / Europe | Combined company — all functions | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock recommended offer to acquire DS Smith Plc announced 2024-04-16; implied enterprise value ~$9.9B, ~180M IP shares to be issued. No headcount added disclosed; $5M transaction costs recorded in Q1 2024. Expected close Q4 2024. | |||
| 2024-03-31 | restructuring | in_progress | United States | Industrial Packaging; Global Cellulose Fibers | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with permanent closure of containerboard mill in Orange, Texas and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills. Employee count not disclosed. | ||||
| 2024-03-31 | restructuring | in_progress | USD 3,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-03-31 | restructuring | in_progress | North American Industrial Packaging [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-12-31 | plant_closure | completed | 2023-10-18 | 2023-12-04 | Orange, Texas, United States | Industrial Packaging (containerboard) | USD 81 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of containerboard mill; $81M cash severance and other shutdown charges ($25M severance, $30M inventory impairment, $26M other), plus $347M pre-tax non-cash write-off and accelerated depreciation. Employee headcount not disclosed. | ||
| 2023-12-31 | plant_closure | completed | 2023-10-18 | 2023-12-11 | Pensacola, Florida and Riegelwood, North Carolina, United States | Global Cellulose Fibers (pulp machines) | USD 37 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of two pulp machines; $37M cash severance and other shutdown charges ($21M severance, $12M inventory impairment, $4M other), plus $75M pre-tax non-cash write-off and accelerated depreciation. Employee headcount not disclosed. | ||
| 2023-12-31 | divestiture_reduction | completed | 2023-09-18 | 2023-09-18 | Russia | Ilim S.A. joint venture (pulp and paper) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% equity interest in Ilim plus Ilim Group shares under a previously announced agreement; IP no longer has any investments in Russia. Headcount removed not disclosed; $36M transaction fees incurred. | |||
| 2023-12-31 | restructuring | in_progress | United States | Industrial Packaging and Global Cellulose Fibers | USD -19 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Building a Better IP program; 2023 activity was a $19M net credit from revision of prior severance estimates ($8M Industrial Packaging, $3M Global Cellulose Fibers, $8M Corporate). No employee count disclosed. | ||||
| 2023-12-31 | plant_closure | completed | 2023-10-18 | 2023-12-04 | Orange, Texas | Industrial Packaging | USD 81 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Permanent closure of containerboard mill. Pre-tax cash severance and other shutdown charges of approximately $81 million. | ||
| 2023-12-31 | plant_closure | completed | 2023-10-18 | 2023-12-11 | Riegelwood, North Carolina and Pensacola, Florida | Global Cellulose Fibers | USD 37 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Permanent cessation of production on two pulp machines. Pre-tax cash severance and other shutdown charges of approximately $37 million. | ||
| 2023-12-31 | restructuring | in_progress | USD 99,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2023-12-31 | restructuring | in_progress | Facility Closing [Member] / Orange, Texas mill [Member] | USD 81,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Facility Closing [Member] / Pensacola Mill and Riegelwood Mill [Member] | USD 37,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Building a Better IP [Member] | USD -19,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-09-30 | plant_closure | announced | 2023-10-18 | 2023-12-31 | United States — Orange, Texas | Industrial Packaging (containerboard mill) | USD 450 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent closure announced October 18, 2023; charges comprise ~$395M noncash asset write-off/accelerated depreciation plus ~$55M cash severance and shutdown costs, to be recorded in Q4 2023. No employee count disclosed. | ||
| 2023-09-30 | plant_closure | announced | 2023-10-18 | 2023-12-31 | United States — Riegelwood, North Carolina | Global Cellulose Fibers (one pulp machine) | USD 214 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent cessation of production on one of two pulp machines announced October 18, 2023; charges comprise ~$200M noncash write-off/accelerated depreciation plus ~$14M cash severance and shutdown costs disclosed in aggregate for both machines, to be recorded in Q4 2023. Charge shown here is the disclosed aggregate; no per-machine split or employee count given. | ||
| 2023-09-30 | plant_closure | announced | 2023-10-18 | 2023-12-31 | United States — Pensacola, Florida | Global Cellulose Fibers (one pulp machine) | USD 214 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second of two pulp machines announced for permanent shutdown October 18, 2023. Charge reflects the same disclosed aggregate (~$200M noncash plus ~$14M cash) as the Riegelwood machine; filer did not split the charge between the two sites. No employee count disclosed. | ||
| 2023-09-30 | divestiture_reduction | completed | 2023-01-01 | 2023-09-18 | Russia | Ilim S.A. / Ilim Group joint venture (pulp and paper) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% Ilim equity interest for $484M plus Ilim Group shares for $24M completed September 18, 2023; Company no longer has any interest in Ilim. Announcement date reflects the previously announced January 2023 agreement. No headcount associated with the divestiture is disclosed. | |||
| 2023-09-30 | plant_closure | announced | 2023-10-18 | 2023-12-31 | Orange, Texas | Industrial Packaging | USD 55 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Plans to permanently close containerboard mill by end of year. Pre-tax cash severance and other shutdown charges approx $55 million. Noncash write-offs approx $395 million. | ||
| 2023-09-30 | plant_closure | announced | 2023-10-18 | 2023-12-31 | Riegelwood, North Carolina and Pensacola, Florida | Global Cellulose Fibers | USD 14 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Plans to permanently cease production on two pulp machines by end of year. Pre-tax cash severance and other shutdown charges approx $14 million. Noncash write-offs approx $200 million. | ||
| 2023-09-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-09-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | United States | Corporate and business segments | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Building a Better IP cost-reduction program continued in 2022, delivering $250 million of earnings benefits, but no severance charge was recorded in 2022 (2021 charges were $29 million). No employee-impact count disclosed for 2022. | |||||
| 2022-12-31 | divestiture_reduction | announced | 2023-01-24 | Russia | Ilim joint venture (equity method investment) | USD 533 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced January 24, 2023 to sell the 50% Ilim interest for $484 million, plus an indication of interest for the JSC Ilim Group stake ($24 million); completion subject to Russian regulatory approvals. A $533 million other-than-temporary impairment was recorded in Q4 2022 (within discontinued operations). No employee count disclosed. | |||
| 2022-12-31 | other | announced | 2023-02-19 | 2023-08-31 | United States | U.S. mills (United Steelworkers bargaining units) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Negotiations with the USW on the mill master collective bargaining agreement (expires August 2023) and related mill joint pension counsel master agreement (expires September 2023) were scheduled to begin February 19, 2023. USW represents approximately 6,000 employees at the mills. Subsequent-event labor negotiation, not a headcount action. | |||
| 2022-12-31 | restructuring | completed | 2022-01-01 | 2022-12-31 | Global | Corporate | USD 89 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax restructuring and other charges of $89 million recorded in 2022, primarily early debt extinguishment costs ($93 million) and other items. Employee count not disclosed. | ||
| 2022-12-31 | restructuring | in_progress | USD 89,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-12-31 | restructuring | in_progress | Early debt extinguishment costs [Member] | USD 93,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Other Restructuring [Member] | USD -4,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-09-30 | restructuring | completed | Corporate | Corporate | USD 93 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge related to early debt extinguishment costs. No employee count disclosed. | ||||
| 2022-09-30 | restructuring | in_progress | USD 93,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-09-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 93,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-06-30 | restructuring | completed | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance related to optimization of EMEA Packaging business. Charge recorded in Q1 2021. | ||||
| 2022-06-30 | restructuring | completed | Corporate | Corporate | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charge recorded in Q2 2021. | ||||
| 2022-06-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-06-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-03-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-03-31 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-12-31 | divestiture_reduction | completed | 2021-10-01 | 2021-10-01 | North America, France, Russia | Printing Papers (with certain mixed-use coated paperboard and pulp businesses) | USD 92 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Printing Papers into Sylvamo Corporation; $92M pre-tax spin-off expenses recorded in discontinued operations in 2021. Headcount conveyed not disclosed; filing states total employees decreased significantly versus 2020 as a result. | ||
| 2021-12-31 | divestiture_reduction | completed | 2021-08-06 | 2021-08-06 | Poland | Printing Papers — Kwidzyn pulp and paper mill | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Kwidzyn mill for EUR 669 million (~$794M); net gain of $360M ($350M after tax) recorded in discontinued operations. Headcount not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-05-31 | 2021-05-31 | Turkey | Industrial Packaging — Olmuksan corrugated packaging business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 90.38% interest to Mondi Group for EUR 66 million (~$81M); $123M impairment charge recorded in Q4 2020. Headcount not disclosed. | |||
| 2021-12-31 | restructuring | in_progress | 2021-12-31 | Global | Corporate and business segments (Building a Better IP initiative) | USD 29 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance related to streamlining and process optimization; majority of severance expected to be paid in 2022. Program targets $350-430M of incremental earnings in 2024. Employees affected not disclosed; announcement date not specified (charges recorded during 2021). | |||
| 2021-12-31 | restructuring | in_progress | 2021-12-31 | EMEA | Industrial Packaging — EMEA Packaging optimization | USD 12 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance related to optimization of the EMEA Packaging business; majority of severance expected to be paid in 2022. Employees affected not disclosed; announcement date not specified (charge recorded in Q1 2021). | |||
| 2021-12-31 | acquisition_addition | completed | 2021-04-01 | 2021-04-01 | Spain | Industrial Packaging — two box plants (La Gaviota and Cartonajes Trilla) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase consideration approximately EUR 71 million (~$83M). Acquired businesses represent ~0.1% of net sales and 0.4% of total assets and were excluded from the ICFR assessment. Headcount added not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-10-01 | 2021-10-01 | North America, Europe, Russia | Printing Papers | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Spin-off of Printing Papers business into Sylvamo Corporation. Employee count not specified, but total headcount decreased significantly. | |||
| 2021-12-31 | restructuring | in_progress | 2021-01-01 | Global | Corporate and Business Segments | USD 509 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Includes 'Building a Better IP' initiative ($29M) and EMEA packaging optimization ($12M). Employee counts not disclosed in footnote. | |||
| 2021-12-31 | restructuring | in_progress | USD 509,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2021-12-31 | restructuring | in_progress | Early debt extinguishment costs [Member] | USD 461,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Building a Better IP [Member] | USD 29,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | EMEA Industrial Packaging [Member] | USD 12,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Other Restructuring [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-09-30 | divestiture_reduction | completed | 2021-08-06 | 2021-08-06 | Poland | Printing Papers (Kwidzyn mill) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Kwidzyn, Poland pulp and paper mill for approximately $794 million; no employee count disclosed. | |||
| 2021-09-30 | divestiture_reduction | completed | 2021-05-31 | 2021-05-31 | Turkey | Industrial Packaging (Olmuksan corrugated packaging) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 90.38% ownership interest to Mondi Group for approximately $81 million; no employee count disclosed. | |||
| 2021-09-30 | divestiture_reduction | completed | 2021-10-01 | 2021-10-01 | Global | Printing Papers (Sylvamo Corporation spin-off) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Printing Papers segment into Sylvamo Corporation completed October 1, 2021; approximately 900 active qualified pension participants transitioned to Sylvamo per Note 19, but no total employee count transferred disclosed. | |||
| 2021-09-30 | acquisition_addition | completed | 2021-04-01 | 2021-04-01 | Spain | Industrial Packaging (two box plants) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of two box plants in Spain for approximately $83 million; no headcount added disclosed. | |||
| 2021-09-30 | restructuring | in_progress | Global | Corporate / Industrial Packaging | USD 243 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month 2021 restructuring charges of $243M comprising early debt extinguishment costs and severance (EMEA Packaging optimization); no employee counts disclosed. Building a Better IP initiative may incur additional charges. | ||||
| 2021-09-30 | restructuring | in_progress | 2021-07-01 | Corporate | Corporate | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge for severance; majority expected to be paid over next twelve months. | |||
| 2021-09-30 | restructuring | in_progress | 2021-04-01 | Corporate | Corporate | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge for severance recorded in Q2; majority expected to be paid over next twelve months. | |||
| 2021-09-30 | restructuring | in_progress | 2021-01-01 | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge for severance related to optimization of EMEA Packaging business; majority expected to be paid over next twelve months. | |||
| 2021-09-30 | restructuring | in_progress | USD 39,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-09-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 35,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Reimagine IP [Member] / Corporate and Other [Member] | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | 2021-04-01 | United States | Corporate | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 severance charge in Corporate; majority expected to be paid over the next twelve months. Employee count not disclosed. | |||
| 2021-06-30 | restructuring | in_progress | 2021-01-01 | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2021 severance related to EMEA Packaging business optimization; majority expected to be paid over the next twelve months. Employee count not disclosed. Announcement date approximate (during Q1 2021). | |||
| 2021-06-30 | restructuring | in_progress | 2021-04-01 | Corporate | Corporate | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charge recorded in Q2 2021; majority expected to be paid over next twelve months. | |||
| 2021-06-30 | restructuring | in_progress | 2021-03-31 | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance related to optimization of EMEA Packaging business recorded in Q1 2021; majority expected to be paid over next twelve months. | |||
| 2021-06-30 | restructuring | in_progress | USD 174,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-06-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 170,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Reimagine IP [Member] / Corporate and Other [Member] | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charge for optimization of EMEA Packaging business; number of employees affected not disclosed. Majority of severance expected to be paid over next twelve months. | ||||
| 2021-03-31 | divestiture_reduction | in_progress | 2021-02-12 | Poland | Printing Papers (Kwidzyn mill) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Kwidzyn, Poland pulp and paper mill for EUR 670 million; expected to close in second half of 2021. Headcount associated with the mill not disclosed. | ||||
| 2021-03-31 | divestiture_reduction | in_progress | 2021-01-05 | Turkey | Industrial Packaging (Olmuksan International Paper) | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell 90.38% interest in Olmuksan International Paper to Mondi Group for EUR 66 million; expected to complete in Q2 2021. Additional $2M charge recorded in Q1 2021 for cumulative FX translation loss. Headcount not disclosed. | |||
| 2021-03-31 | divestiture_reduction | announced | 2020-12-03 | 2021-09-30 | Global | Printing Papers | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to spin off Printing Papers segment as standalone public company; expected completion late Q3 2021. IP to retain up to 19.9% of shares. Headcount impact not disclosed. | |||
| 2021-03-31 | acquisition_addition | announced | 2021-04-01 | 2021-04-01 | Spain | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired two box plants in Spain for EUR 72 million (~$85 million). Headcount added not disclosed. | |||
| 2021-03-31 | acquisition_addition | announced | 2021-04-01 | United States | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Received noncontrolling interest in a US-based corrugated packaging producer; $115 million investment to be recorded in Q2 2021 as equity method investment. Headcount not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | 2021-03-31 | 2022-03-31 | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance related to optimization of EMEA Packaging business. Majority of severance expected to be paid over next twelve months. Employee count not disclosed. | ||
| 2021-03-31 | restructuring | in_progress | USD 30,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-03-31 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 18,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | EMEA Restructuring [Member] / EMEA Packaging [Member] | USD 12,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-12-31 | divestiture_reduction | completed | 2020-10-14 | Brazil | Industrial Packaging | USD 347 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Brazilian Industrial Packaging business (three containerboard mills, four box plants) closed 2020-10-14 for R$330 million; pre-tax charges of $347 million recorded. No employee count disclosed. | |||
| 2020-12-31 | divestiture_reduction | announced | 2020-12-03 | 2021-09-30 | Global | Printing Papers | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan announced 2020-12-03 to spin off Printing Papers into a standalone public company (SpinCo); expected to close late in Q3 2021. Spin-off costs of $9 million recorded in corporate special items for FY2020. No employee count disclosed. | |||
| 2020-12-31 | divestiture_reduction | announced | 2021-01-05 | 2021-06-30 | Turkey | Industrial Packaging | USD 123 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell 90.38% interest in Olmuksan International Paper announced 2021-01-05 (after fiscal year-end) for €66 million; preliminary $123 million charge recorded in Q4 2020. Classified as held for sale at 2020-12-31. No employee count disclosed. | ||
| 2020-12-31 | plant_closure | announced | 2021-02-12 | 2021-12-31 | Poland | Printing Papers | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell the Kwidzyn, Poland pulp and paper mill announced 2021-02-12 (after fiscal year-end and before filing) for €670 million; expected to close Q4 2021. No employee count disclosed. | |||
| 2020-12-31 | other | completed | Global | Corporate | USD 196 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2020 restructuring and other charges, net, totaled $195 million, substantially all of which was $196 million of early debt extinguishment costs (offset by $(1) million other items). No employee separations or headcount impacts quantified for FY2020. | ||||
| 2020-12-31 | restructuring | completed | 2020-01-01 | 2020-12-31 | Global | Corporate and Business Segments | USD 195 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax restructuring and other charges of $195 million recorded in 2020. Includes $196 million for early debt extinguishment costs and $(1) million for other restructuring items. Employee count affected not disclosed. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-10-14 | 2020-10-14 | Brazil | Industrial Packaging | USD 347 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of Brazilian Industrial Packaging business closed Oct 14, 2020. Net pre-tax charges of $347 million recorded. Employee count affected not disclosed. | ||
| 2020-12-31 | divestiture_reduction | completed | 2019-10-30 | 2019-10-30 | India | Printing Papers | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of controlling interest in Indian Papers business closed Oct 30, 2019. Immaterial loss recorded in 2020 for remaining investment sale. Employee count affected not disclosed. | |||
| 2020-12-31 | restructuring | in_progress | USD 195,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2020-12-31 | restructuring | in_progress | Early debt extinguishment costs [Member] | USD 196,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Restructuring [Member] | USD -1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-09-30 | restructuring | completed | 2020-09-30 | 2020-09-30 | Global | Corporate | USD 105 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed. | ||
| 2020-09-30 | restructuring | completed | 2020-06-30 | 2020-06-30 | Global | Corporate | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed. | ||
| 2020-09-30 | restructuring | completed | 2020-03-31 | 2020-03-31 | Global | Corporate | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed. | ||
| 2020-09-30 | restructuring | in_progress | USD 105,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-09-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 105,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-30 | restructuring | in_progress | 2020-03-29 | 2020-12-31 | Brazil | Industrial Packaging | USD 352 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell Brazilian Industrial Packaging business. Charges include impairment and foreign currency translation losses. Employee count not disclosed. | ||
| 2020-06-30 | restructuring | completed | 2020-06-30 | 2020-06-30 | Corporate | Corporate | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Early debt extinguishment costs recorded in Q1 and Q2 2020. Employee count not disclosed. | ||
| 2020-06-30 | restructuring | in_progress | USD 18,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-06-30 | restructuring | in_progress | Early Debt Extinguishment Costs [Member] / Corporate and Other [Member] | USD 18,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-31 | divestiture_reduction | announced | 2020-03-29 | Brazil | Industrial Packaging | USD 344 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Brazilian Industrial Packaging (three containerboard mills, four box plants) for R$330 million (~$63.5M); expected to close in H2 2020. The $344M pre-tax charge comprises a $20M long-lived asset write-down and a $324M cumulative translation adjustment loss — not severance. No employee count disclosed. | |||
| 2020-03-31 | restructuring | in_progress | 2020-03-29 | 2020-12-31 | Brazil | Industrial Packaging | USD 344 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell Brazilian Industrial Packaging business. Charge includes $20M asset write-down and $324M cumulative foreign currency translation adjustment. Transaction expected to close in second half of 2020. | ||
| 2020-03-31 | restructuring | completed | 2020-03-31 | 2020-03-31 | Corporate | Corporate | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge related to early debt extinguishment costs. | ||
| 2020-03-31 | restructuring | in_progress | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-03-31 | restructuring | in_progress | Early debt extinguishment costs [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | United States | Corporate | USD 11 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance component of the 2019 overhead cost reduction initiative; majority of severance expected to be paid in 2020. Employee counts not disclosed. | ||||
| 2019-12-31 | restructuring | in_progress | United States | Printing Papers | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance component of the 2019 overhead cost reduction initiative; employee counts not disclosed. | ||||
| 2019-12-31 | restructuring | in_progress | United States | Global Cellulose Fibers | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance component of the 2019 overhead cost reduction initiative; employee counts not disclosed. | ||||
| 2019-12-31 | restructuring | in_progress | EMEA | Industrial Packaging | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2019 EMEA Packaging restructuring comprising $14 million severance and $1 million other charges; majority of severance expected to be paid in 2020. Employee counts not disclosed. | ||||
| 2019-12-31 | divestiture_reduction | completed | 2019-05-29 | 2019-10-30 | India | Printing Papers | USD 159 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of controlling interest in International Paper APPM Limited closed October 30, 2019 for $82 million net proceeds; $159 million pre-tax impairment recorded. Company retained a passive 20% interest. Headcount transferred not disclosed. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-06-28 | Portugal, France | Industrial Packaging | USD 81 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of packaging businesses in Ovar (Portugal) and Torigni/Cabourg (France) from DS Smith for approximately €71 million ($81 million). Headcount added not disclosed. | |||
| 2019-12-31 | acquisition_addition | completed | 2019-12-31 | Spain | Industrial Packaging | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two Spanish packaging businesses (Tavernes de la Valldigna and Montblanc) acquired during 2019; excluded from the ICFR assessment as of December 31, 2019. Headcount added not disclosed. | ||||
| 2019-12-31 | restructuring | completed | 2019 | EMEA | Industrial Packaging | USD 15 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | EMEA packaging optimization charges of $15 million recorded in 2019. | |||
| 2019-12-31 | restructuring | completed | 2019 | Global | Corporate / Printing Papers / Global Cellulose Fibers | USD 21 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Overhead cost reduction initiative charges of $21 million ($11M Corporate, $6M Printing Papers, $4M Global Cellulose Fibers). | |||
| 2019-12-31 | restructuring | in_progress | USD 57,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2019-12-31 | restructuring | in_progress | Overhead Cost Reduction Initiative [Member] | USD 21,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | EMEA Industrial Packaging [Member] | USD 15,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Early debt extinguishment costs [Member] | USD 21,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Riverdale mill conversion [Member] | USD 2,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-09-30 | restructuring | in_progress | United States | Corporate | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed. Majority of severance expected to be paid over next twelve months. | ||||
| 2019-09-30 | restructuring | in_progress | United States | Printing Papers | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed. | ||||
| 2019-09-30 | restructuring | in_progress | United States | Global Cellulose Fibers | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed. | ||||
| 2019-09-30 | divestiture_reduction | completed | 2019-05-29 | 2019-10-30 | India | Printing Papers (Indian Papers business) | USD 8 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of controlling interest in International Paper APPM Limited to West Coast Paper Mills; transaction closed 2019-10-30. No headcount associated with the divestiture disclosed. | ||
| 2019-09-30 | acquisition_addition | completed | 2019-06-28 | Portugal and France | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of two packaging businesses from DS Smith Packaging closed 2019-06-28; no headcount added disclosed. | ||||
| 2019-09-30 | restructuring | in_progress | 2019-09-30 | Global | Corporate, Printing Papers, Global Cellulose Fibers | USD 21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Overhead cost reduction initiative. Charges recorded: $11M Corporate, $6M Printing Papers, $4M Global Cellulose Fibers. Majority of severance expected to be paid over next twelve months. Employee count not disclosed. | |||
| 2019-09-30 | restructuring | in_progress | USD 21,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-06-30 | restructuring | completed | EMEA | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2019 charge of $0. Q2 2018 charge included $12M severance for EMEA Packaging optimization. Employee count not disclosed. | ||||
| 2019-06-30 | acquisition_addition | completed | 2019-06-28 | Portugal, France | Industrial Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired two packaging businesses from DS Smith Packaging. Headcount not disclosed. | ||||
| 2019-03-31 | acquisition_addition | announced | 2019-04-16 | France; Portugal | Industrial Packaging | USD 71 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreements signed 2019-04-16 to acquire DS Smith Packaging Normandie (two converting sites) and the former Europac Ovar box plant for approximately €63 million (~$71 million), subject to closing conditions and regulatory approvals. No employee count disclosed. | |||
| 2019-03-31 | restructuring | completed | EMEA | Industrial Packaging | USD 16 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Multi-employer pension plan exit liability recorded in Q1 2019. | ||||
| 2019-03-31 | other | completed | India | Printing Papers | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Labor strike at the Kadiam mill impacted manufacturing operating costs. | |||||
| 2018-12-31 | divestiture_reduction | completed | 2018-01-01 | North America | North American Consumer Packaging (Coated Paperboard and Foodservice) | USD 25 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Business transferred to Graphic Packaging International Partners for a 20.5% equity interest; $25M pre-tax transaction costs recorded in 2018. Headcount associated with the transferred business not disclosed. | |||
| 2018-12-31 | restructuring | in_progress | EMEA | Industrial Packaging (EMEA Packaging) | USD 47 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2018 EMEA Packaging optimization charge of $47M, including $33M severance, $6M accelerated depreciation, $2M accelerated amortization and $6M other; majority of severance paid during 2018. Employees affected not disclosed. | ||||
| 2018-12-31 | restructuring | in_progress | 51 | United States | Printing Papers (Riverdale mill paper machine conversion) | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance reserve related to 51 employees for conversion of a Riverdale mill paper machine to containerboard production. | |||
| 2018-12-31 | restructuring | completed | 2018 | EMEA | Industrial Packaging | USD 47 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | EMEA Packaging optimization charges of $47 million pre-tax. Includes $33 million severance, $6 million accelerated depreciation, $2 million accelerated amortization, and $6 million other charges. Majority of severance paid throughout the year. | |||
| 2018-12-31 | restructuring | completed | 51 | 2018 | United States | Printing Papers | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Riverdale mill paper machine conversion severance reserve for 51 employees. | ||
| 2018-12-31 | restructuring | in_progress | USD 29,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2018-12-31 | restructuring | in_progress | 51 | Riverdale mill conversion [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | 2018-12-31 | EMEA | Industrial Packaging | USD 48 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | EMEA Packaging optimization: $48M pre-tax YTD 2018 ($22M Q1, $26M Q2; none in Q3), including $12M severance in Q2 and primarily severance in Q1. No employee count disclosed; most severance expected paid over remainder of 2018. | |||
| 2018-09-30 | other | announced | 2018-10-25 | Brazil | Industrial Packaging (Brazil Packaging) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (2018-10-25) that the Company is exploring strategic options for its Brazil Packaging business; follows a $122M pre-tax impairment ($81M after tax) of intangible and fixed assets in Q3 2018. No workforce reduction quantified. | ||||
| 2018-09-30 | restructuring | in_progress | 2018-06-30 | 2018-12-31 | EMEA | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Optimization of EMEA Packaging business. Charge includes $12M severance, $6M accelerated depreciation, $2M accelerated amortization, and $6M other. Majority of severance expected to be paid in remainder of 2018. | ||
| 2018-09-30 | restructuring | in_progress | 2018-03-31 | 2018-12-31 | EMEA | Industrial Packaging | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Optimization of EMEA Packaging business. Charge primarily related to severance. | ||
| 2018-06-30 | restructuring | in_progress | EMEA | Industrial Packaging | USD 48 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | EMEA Packaging optimization: $48M pre-tax YTD 2018 ($26M in Q2, $22M in Q1), including ~$12M severance in Q2 plus accelerated depreciation/amortization; no employee count disclosed. Majority of YTD severance expected to be paid over remainder of 2018. | ||||
| 2018-06-30 | divestiture_reduction | completed | 2018-01-01 | North America | North American Consumer Packaging (Coated Paperboard and Foodservice) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business transferred to Graphic Packaging subsidiary on 2018-01-01 for 20.5% equity stake; no headcount associated with the transfer disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | EMEA | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge includes $12 million severance, $6 million accelerated depreciation, $2 million accelerated amortization, and $6 million other charges for EMEA Packaging optimization. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | EMEA | Industrial Packaging | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2018 charge primarily related to severance for EMEA Packaging optimization. Employee count not disclosed. | ||||
| 2018-06-30 | other | completed | Brazil | Industrial Packaging | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Nationwide trucker's strike negatively impacted operating profit by approximately $3 million. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | 221 | 2018-03-31 | EMEA | Industrial Packaging (EMEA Packaging) | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge recorded in Q1 2018, primarily severance for 221 employees as part of EMEA Packaging business optimization; no completion date disclosed. | ||
| 2018-03-31 | divestiture_reduction | completed | 2018-01-01 | 2018-01-01 | North America | North American Consumer Packaging (Coated Paperboard and Foodservice) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business transferred to Graphic Packaging subsidiary for 20.5% equity interest; headcount transferred not disclosed. | |||
| 2018-03-31 | restructuring | in_progress | EMEA | Industrial Packaging | USD 22 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | EMEA Packaging optimization charge of $22 million reported in Q1 2018. | ||||
| 2018-03-31 | restructuring | in_progress | Global | Global | USD 9 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Abandoned property removal charge of $9 million reported in Q1 2018. | ||||
| 2018-03-31 | restructuring | in_progress | 221 | EMEA Industrial Packaging [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2017-12-31 | divestiture_reduction | completed | 2018-01-01 | North America | Consumer Packaging (North American Coated Paperboard and Foodservice) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | North American Consumer Packaging business transferred to a Graphic Packaging subsidiary on January 1, 2018 for a 20.5% equity interest; headcount not disclosed. Treated as a subsequent event relative to the December 31, 2017 fiscal year end | ||||
| 2017-12-31 | acquisition_addition | completed | 2017-06-30 | Morocco | Industrial Packaging — corrugated packaging facility | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Europac's Tangier corrugated packaging facility completed June 30, 2017 for approximately $46 million; acquired headcount not disclosed | ||||
| 2017-12-31 | divestiture_reduction | completed | 2017-09-07 | China | Foodservice business | USD 9 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of China foodservice business to Huhtamaki completed September 7, 2017 with a $9 million pre-tax write-down; headcount not disclosed | |||
| 2017-12-31 | other | completed | 2017-09-26 | 2017-10-03 | United States | Corporate — U.S. qualified pension plan | USD 376 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Group annuity purchase with Prudential transferred benefits for approximately 45,000 retirees (beneficiaries receiving under $450 monthly); retirees, not active employees, so no active-workforce reduction. $376 million pre-tax non-cash settlement charge | ||
| 2017-12-31 | restructuring | completed | 85 | 2016 | 2016-12-31 | Turkey | Industrial Packaging | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges related to 85 employees for Turkey mill closure recorded in 2016. | |
| 2017-12-31 | restructuring | completed | 69 | 2015 | 2015-12-31 | United States | Global Cellulose Fibers | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges related to 69 employees for Riegelwood mill conversion recorded in 2015. | |
| 2017-12-31 | restructuring | in_progress | USD 67,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2017-09-30 | divestiture_reduction | announced | 2017-10-23 | 2018-03-31 | North America | Consumer Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to contribute North American Consumer Packaging business (Coated Paperboard and Foodservice) to Graphic Packaging subsidiary in a transaction valued at $1.8 billion; IP receives 20.5% equity interest. No employee count disclosed. | |||
| 2017-09-30 | divestiture_reduction | completed | 2017-06-30 | 2017-09-07 | China | Consumer Packaging | USD 9 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of foodservice business in China to Huhtamaki completed 2017-09-07; $9M pre-tax impairment charge recorded in Q2 2017. No employee count disclosed. | ||
| 2017-09-30 | acquisition_addition | completed | 2017-06-30 | 2017-06-30 | Morocco | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Europac's Tangier corrugated packaging facility for EUR 40 million (~$46M). No employee count disclosed. | |||
| 2017-09-30 | other | completed | 2017-09-26 | 2017-10-03 | United States | Corporate / Retirement Plan | USD 400 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Group annuity contract with Prudential transferring ~$1.3B of U.S. qualified pension PBO covering ~45,000 retirees; closed 2017-10-03. Expected non-cash settlement charge of ~$400M pre-tax in Q4 2017. Affects retiree benefit administration, not active headcount. | ||
| 2017-09-30 | other | in_progress | India | Printing Papers | MD&A f5-10q / Qwen3.6-27B-Q8_0 | 6-day contract workers' strike reduced production capacity in Q3 2017. | |||||
| 2017-09-30 | divestiture_reduction | completed | 2017-06-30 | 2017-09-07 | China | Consumer Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of foodservice business in China to Huhtamaki Hong Kong Limited completed Sept 7, 2017. Employee count not disclosed. | |||
| 2017-09-30 | acquisition_addition | completed | 2017-06-30 | 2017-06-30 | Morocco | Industrial Packaging | USD 46 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Europac's Tangier, Morocco corrugated packaging facility. Employee count not disclosed. | ||
| 2017-06-30 | restructuring | completed | 2017-06-29 | 2017-09-30 | China | Consumer Packaging | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell foodservice business in China. Pre-tax charge of $9 million recorded to write down long-lived assets to estimated fair value. Transaction expected to complete in Q3 2017. | ||
| 2017-06-30 | acquisition_addition | completed | 2017-06-30 | 2017-06-30 | Morocco | Industrial Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Completed acquisition of Europac's Tangier, Morocco corrugated packaging facility for approx. $46 million. Headcount not disclosed. | |||
| 2016-12-31 | plant_closure | completed | 85 | Turkey | Industrial Packaging — EMEA | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge comprises $4M accelerated depreciation and $3M severance related to 85 employees; specific announcement and closure dates not disclosed. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-03-14 | 2016-06-30 | China and Southeast Asia | Industrial Packaging — Asian corrugated packaging business | USD 70 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Xiamen Bridge Hexing completed June 30, 2016; $70M pre-tax charge combines $46M long-lived asset write-down and $24M severance contingent on the sale. Headcount affected not disclosed. | ||
| 2016-12-31 | acquisition_addition | completed | 2016-12-01 | United States, Canada and Poland | Global Cellulose Fibers | USD 31 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Weyerhaeuser pulp business acquired December 1, 2016 for ~$2.2B cash (four fluff pulp mills, one NBSK mill, two converting facilities). Charge shown is pre-tax acquisition/integration costs; headcount added not disclosed. | |||
| 2016-12-31 | acquisition_addition | completed | 2016-06-30 | Spain | Industrial Packaging — EMEA | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Holmen Paper newsprint mill in Madrid plus recycling operations and 50% of a cogeneration facility acquired June 30, 2016 for EUR 53 million (~$59M); headcount added not disclosed. | ||||
| 2016-12-31 | restructuring | completed | 85 | 2016 | 2016-12-31 | Turkey | Industrial Packaging | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Turkey mill closure; includes $3 million severance charges related to 85 employees. | |
| 2016-12-31 | restructuring | completed | 2016 | 2016-12-31 | Asia | Industrial Packaging | USD 24 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of corrugated packaging business in China and Southeast Asia; $24 million pre-tax charge for severance contingent upon sale. Employee count not explicitly disclosed in footnote. | ||
| 2016-12-31 | restructuring | in_progress | 85 | Turkey mill closure [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-09-30 | divestiture_reduction | completed | 2016-03-14 | 2016-06-30 | China and Southeast Asia | Industrial Packaging (corrugated packaging business) | USD 24 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance contingent on the sale, recorded in Q2 2016; a $5M post-closing adjustment charge was recorded in Q3 2016. No employee count disclosed. | ||
| 2016-09-30 | divestiture_reduction | completed | 2016-03-14 | 2016-06-30 | China and Southeast Asia | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of corrugated packaging business completed June 30, 2016. Q3 charge of $5M for post-closing adjustments. Earlier Q2 charge included $24M for severance contingent on sale. Employee count not disclosed. | ||
| 2016-09-30 | restructuring | completed | India | Industrial Packaging | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Write-off of costs associated with India packaging business evaluation. Employee count not disclosed. | ||||
| 2016-06-30 | divestiture_reduction | completed | 2016-06-30 | 2016-06-30 | China and Southeast Asia | Industrial Packaging | USD 24 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of corrugated packaging business to Xiamen Bridge Hexing; $24M severance charge contingent on sale, plus $41M asset write-down. No employee count disclosed. | ||
| 2016-06-30 | acquisition_addition | announced | 2016-05-01 | 2016-12-31 | United States, Canada, Poland | Printing Papers (pulp) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to purchase Weyerhaeuser pulp business for $2.2B cash; four fluff pulp mills, one NBSK mill, two converting facilities. DOJ investigation completed without action; other regulatory approvals pending. No headcount disclosed. | |||
| 2016-06-30 | acquisition_addition | completed | 2016-06-30 | 2016-06-30 | Spain | Industrial Packaging / Printing Papers | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Holmen Paper newsprint mill in Madrid (€54M / ~$61M), including recycling operations and 50% of a cogeneration facility; mill to be converted to recycled containerboard in 2H 2017. No headcount disclosed. | |||
| 2016-06-30 | voluntary_separation | completed | 2016-01-01 | 2016-06-30 | United States | Corporate / All Segments | USD 439 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary pension buyout for term-vested former employees. $1.2 billion in lump sum payments made from plan assets. Resulted in $439 million non-cash settlement accounting charge. | ||
| 2016-06-30 | divestiture_reduction | completed | 2016-06-30 | China and Southeast Asia | Industrial Packaging | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of corrugated packaging business in China and Southeast Asia. $24 million pre-tax charge for severance contingent upon sale. | |||
| 2016-03-31 | divestiture_reduction | announced | 2016-03-14 | 2016-06-30 | China and Southeast Asia | Industrial Packaging | USD 37 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell corrugated packaging business to Xiamen Bridge Hexing for approx. RMB 1 billion (~$155M); $37M pre-tax asset write-down recorded. No employee count disclosed; expected close in Q2 2016 subject to governmental approvals. | ||
| 2016-03-31 | acquisition_addition | announced | 2016-03-16 | 2016-06-30 | Madrid, Spain | Industrial Packaging / Printing Papers | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Binding agreement to purchase Holmen's Madrid newsprint mill, associated recycling operations and 50% of a cogeneration facility for €50 million (~$57M); mill to be converted to recycled containerboard in H2 2017. No headcount disclosed. | |||
| 2016-03-31 | acquisition_addition | announced | 2016-05-01 | 2016-12-31 | United States, Canada and Poland | Printing Papers (pulp business) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to purchase Weyerhaeuser's pulp business (five pulp mills, two modified fiber mills) for $2.2 billion cash; expected close Q4 2016 subject to regulatory approval. No employee count disclosed. | |||
| 2016-03-31 | restructuring | completed | 2016-03-31 | 2016-03-31 | United States | Consumer Packaging | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Riegelwood mill conversion costs. Employee count not disclosed. | ||
| 2016-03-31 | divestiture_reduction | announced | 2016-03-14 | 2016-06-30 | China and Southeast Asia | Industrial Packaging | USD 37 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell corrugated packaging business. Includes $37M impairment charge. Employee count not disclosed. | ||
| 2015-12-31 | restructuring | in_progress | 69 | 2015-12-31 | 2016-06-30 | United States | Consumer Packaging — Riegelwood mill | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance for 69 employees within the Riegelwood mill conversion to 100% pulp production; conversion initiated late December 2015, expected fully ramped by Q4 2016; total net charge $8M including $24M accelerated depreciation less $22M brand sale proceeds | |
| 2015-12-31 | divestiture_reduction | completed | 2015-10-13 | 2015-10-13 | China / Asia | Consumer Packaging — IP Asia Coated Paperboard (IP-Sun JV) | USD 174 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 55% interest completed 2015-10-13 for ~$23M; headcount removed not disclosed; $174M pre-tax impairment charge recorded | ||
| 2015-12-31 | divestiture_reduction | announced | 2015-10-08 | China / Southeast Asia | Industrial Packaging — corrugated box business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company announced it was pursuing strategic options and signed a non-binding letter of intent with a prospective buyer; headcount and completion not disclosed in this filing | ||||
| 2015-12-31 | restructuring | completed | 69 | 2015-01-01 | 2015-12-31 | Global | Corporate | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance expense of $5 million related to 69 employees in corporate restructuring. | |
| 2015-12-31 | plant_closure | completed | 2015-01-01 | 2015-12-31 | North America | Consumer Packaging | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Riegelwood mill conversion costs included $5 million of severance charges. | ||
| 2015-12-31 | restructuring | in_progress | 69 | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2015-09-30 | restructuring | in_progress | Timber monetization | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Timber monetization restructuring charges of $17 million recorded in Q3 2015. Employee count not disclosed. | |||||
| 2015-09-30 | restructuring | in_progress | United States | Consumer Packaging | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Carolina Coated Bristols brand and Riegelwood mill conversion costs of $7 million recorded in Q3 2015. Employee count not disclosed. | ||||
| 2015-09-30 | plant_closure | completed | United States | Printing Papers | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill closure costs were recognized in prior periods (2014). No new charges or employee counts disclosed for Q3 2015. | |||||
| 2015-06-30 | restructuring | completed | United States | Printing Papers | USD 36 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill shutdown costs including $7 million site closure and $6 million severance charges recognized in Q2 2015. | ||||
| 2015-06-30 | restructuring | completed | United States | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with Coated Paperboard sheet plant closures. | ||||
| 2015-03-31 | restructuring | completed | United States | Printing Papers | USD 495 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill shutdown costs including accelerated depreciation, site closure, and severance. Employee count not disclosed. | ||||
| 2014-12-31 | plant_closure | in_progress | United States (Alabama) | Printing Papers | USD 554 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Courtland mill shutdown; $554M pre-tax ($338M after-tax) FY2014 charge including $464M accelerated depreciation, $24M inventory impairment, $26M severance, $40M other. Shutdown was announced in 2013 (prior-year charge of $118M); no announcement date stated in this filing. Courtland-specific employee count not separately disclosed. | ||||
| 2014-12-31 | restructuring | in_progress | 957 | United States | Corporate and operating segments | USD 41 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2014 severance and other costs for approximately 957 employees included in the $846M of 2014 restructuring and other charges (severance additions $41M; $29M paid in 2014; $12M balance at year-end). 788 employees had left the Company under these programs as of 2014-12-31. Consolidated program total; includes Courtland severance ($26M) and $15M severance for other items. | |||
| 2014-12-31 | divestiture_reduction | completed | 2014-07-01 | United States | Distribution (xpedx) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spinoff of the xpedx distribution business completed 2014-07-01 (merged into Veritiv); 8,160,000 Veritiv shares distributed and $411M received. Headcount removed through the spin-off not disclosed. | ||||
| 2014-12-31 | restructuring | completed | 957 | 2014-01-01 | 2014-12-31 | Global | Various | USD 41 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other costs for approximately 957 employees. 788 employees had left the Company as of Dec 31, 2014. Includes Courtland mill shutdown and other items. | |
| 2014-12-31 | divestiture_reduction | completed | 2014-07-01 | 2014-07-01 | United States | Distribution (xpedx) | USD 16 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Spinoff of xpedx distribution business on July 1, 2014. Employee count not explicitly disclosed in footnote, but business removed from consolidated operations. | ||
| 2014-12-31 | restructuring | in_progress | Two Thousand And Fourteen Organizational Restructuring Charges [Member] / Employee Severance And Other Cost [Member] | USD 41,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | 788 | Two Thousand And Fourteen Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | 1,384 | Two Thousand And Thirteen Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | 300 | Two Thousand And Twelve Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-09-30 | plant_closure | in_progress | United States | Printing Papers — Courtland, Alabama mill | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2014 charge of $3M pre-tax ($2M after tax) for severance; part of a multi-quarter shutdown totaling $547M YTD. No employee count disclosed. | ||||
| 2014-09-30 | restructuring | in_progress | Europe, Middle East and Africa | Industrial Packaging — EMEA packaging business | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2014 charge of $5M pre-tax ($3M after tax) for EMEA packaging restructuring; no employee count disclosed. | ||||
| 2014-09-30 | divestiture_reduction | completed | 2014-07-01 | 2014-07-01 | United States | Distribution (xpedx) — spun off to form Veritiv Corporation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spinoff of xpedx completed July 1, 2014; all xpedx results reclassified to discontinued operations. No headcount figure disclosed. | |||
| 2014-09-30 | other | in_progress | United States | Industrial Packaging — multi-employer pension plan withdrawal | USD 35 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2014 charge of $35M for multi-employer pension plan withdrawal liability; implies workforce exit from a multi-employer plan but no employee count disclosed. | ||||
| 2014-09-30 | plant_closure | in_progress | 2014-03-31 | Alabama, USA | Printing Papers | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill shutdown. Q3 2014 charges include $2 million severance. Total YTD charges include accelerated depreciation, site closure, and severance. | |||
| 2014-09-30 | restructuring | in_progress | 2014-09-30 | EMEA | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | EMEA packaging restructuring charges recorded in Q3 2014. | |||
| 2014-09-30 | divestiture_reduction | completed | 2014-07-01 | 2014-07-01 | Global | Distribution | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Spinoff of xpedx distribution business completed July 1, 2014. Headcount removed from consolidated workforce. | |||
| 2014-06-30 | plant_closure | in_progress | Courtland, Alabama, United States | Printing Papers | USD 544 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Courtland mill shutdown; $544M in charges for six months ended June 30, 2014 ($495M Q1, $49M Q2), including ~$466M accelerated depreciation, site closure and severance costs. No employee count disclosed. | ||||
| 2014-06-30 | divestiture_reduction | completed | 2014-07-01 | United States | Distribution (xpedx) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spinoff of xpedx distribution business completed July 1, 2014, merged with Unisource to form Veritiv; 8,160,000 Veritiv shares distributed. No employee count disclosed. | ||||
| 2014-06-30 | plant_closure | in_progress | Alabama, USA | Printing Papers | USD 49 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill shutdown costs for Q2 2014 include $36M accelerated depreciation, $7M site closure, and $6M severance. Employee count not disclosed. | ||||
| 2014-06-30 | restructuring | in_progress | Global | Distribution | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx transaction costs for Q2 2014. Employee count not disclosed. | ||||
| 2014-06-30 | plant_closure | completed | Alabama, USA | Printing Papers | USD 495 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Courtland mill shutdown costs for Q1 2014 include $430M accelerated depreciation, $30M site closure, $15M severance, and $20M other. Employee count not disclosed. | ||||
| 2014-06-30 | restructuring | completed | Global | Distribution | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring ($2M) and transaction costs ($16M) for Q1 2014. Employee count not disclosed. | ||||
| 2014-06-30 | divestiture_reduction | completed | 2014-07-01 | 2014-07-01 | Global | Distribution | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Spinoff of xpedx business completed July 1, 2014. Employee count not disclosed. | |||
| 2014-03-31 | plant_closure | completed | 2014-03-31 | United States (Courtland, Alabama) | Printing Papers | USD 495 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Courtland mill shutdown; $495M pre-tax charge ($302M after-tax) including ~$430M accelerated depreciation, $30M site closure costs, $15M severance charges, and $20M other non-cash charges. Shutdown completed during Q1 2014. No employee count disclosed. | |||
| 2014-03-31 | divestiture_reduction | announced | 2014-01-28 | United States | Distribution (xpedx) | USD 16 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | xpedx to merge with Unisource Worldwide via Reverse Morris Trust; IP shareholders to receive SpinCo shares plus a $400M special payment. Q1 charges: $16M transaction costs and $2M restructuring. No employee count disclosed. | |||
| 2014-03-31 | plant_closure | completed | Alabama, United States | Printing Papers | USD 495 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Courtland mill. Charges include $430M accelerated depreciation, $30M site closure, $15M severance, and $20M other non-cash charges. Employee count not disclosed. | ||||
| 2014-03-31 | restructuring | in_progress | Distribution | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring charges. Employee count not disclosed. | |||||
| 2014-03-31 | other | announced | 2014-01-28 | Distribution | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced merger of xpedx with Unisource Worldwide via Reverse Morris Trust. Includes $16M transaction costs. Employee count not disclosed. | ||||
| 2013-12-31 | restructuring | in_progress | 1,686 | United States | Printing Papers; Consumer Packaging; Distribution; Corporate | USD 63 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidated 2013 program: approximately 1,686 employees covered by severance and other costs; $63M of the $210M pre-tax restructuring and other charges. Components disclosed without separate headcounts: Courtland, Alabama mill shutdown ($118M, includes $42M severance and $73M accelerated depreciation), Augusta, Georgia paper machine shutdown ($45M, includes $2M severance), xpedx restructuring ($32M, includes $17M severance), early debt extinguishment ($25M), xpedx spin-off transaction costs ($22M), box plant closures (-$13M), Guaranty Bank insurance reimbursements (-$30M), other ($11M). 624 employees had separated under these programs as of 2013-12-31; $42M severance balance remained accrued. Courtland net book value of approximately $470M remained under evaluation into Q1 2014. | |||
| 2013-12-31 | divestiture_reduction | completed | 2012-12-12 | 2013-07-19 | United States | Temple-Inland Building Products (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Temple-Inland Building Products division, ultimately 15 manufacturing facilities, to Georgia-Pacific Building Products for approximately $733M cash, closed 2013-07-19. Headcount associated with the divested facilities not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-01-03 | 2013-01-03 | Turkey | Industrial Packaging | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Sabanci Holding's 43.7% stake in Olmuksan International Paper for $56M, raising IP's ownership to 87.4% and triggering consolidation from 2013-01-01. Headcount added not disclosed; Olmuksan and Orsa IP together represent approximately 2% of total net sales and 2% of total assets. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-01-14 | 2013-01-14 | Brazil | Industrial Packaging | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Formation of Orsa International Paper Embalagens S.A. with Jari (Grupo Orsa); IP holds 75%, investment value approximately $471M, comprising three containerboard mills and four box plants. Headcount added not disclosed. | |||
| 2013-12-31 | divestiture_reduction | announced | 2014-01-28 | 2014-06-30 | North America (United States and Mexico) | Distribution (xpedx) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end announcement of a Reverse Morris Trust spin-off of xpedx (SpinCo) and merger with Unisource; IP shareholders to own approximately 51% and Unisource's sole shareholder approximately 49% on a fully diluted basis. Expected completion mid-2014. Headcount affected not disclosed; a $400M special payment to IP is expected to be financed with new SpinCo debt. | |||
| 2013-12-31 | restructuring | completed | 1,686 | 2013-01-01 | 2013-12-31 | Global | Various | USD 63 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Total severance and other costs for approximately 1,686 employees included in 2013 restructuring charges. Includes shutdown of Courtland mill, Augusta paper machine, and xpedx restructuring. | |
| 2013-12-31 | plant_closure | completed | 2013-01-01 | 2013-12-31 | Alabama, USA | Printing Papers | USD 118 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Courtland, Alabama mill. Pre-tax charge of $118 million ($72 million after taxes). Includes $42 million in severance charges. | ||
| 2013-12-31 | plant_closure | completed | 2013-01-01 | 2013-12-31 | Georgia, USA | Consumer Packaging | USD 45 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Permanent shutdown of a paper machine at Augusta, Georgia mill. Pre-tax charge of $45 million ($28 million after taxes). Includes $2 million in severance charges. | ||
| 2013-12-31 | restructuring | completed | 2013-01-01 | 2013-12-31 | USA | Distribution | USD 32 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring costs related to xpedx business. Pre-tax charge of $32 million ($19 million after taxes). Includes $17 million of severance charges. | ||
| 2013-12-31 | divestiture_reduction | completed | 2013-07-19 | 2013-07-19 | USA | Building Products (Discontinued) | USD 19 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of Temple-Inland Building Products business finalized July 19, 2013. After-tax expenses of $19 million associated with divestiture. | ||
| 2013-12-31 | restructuring | in_progress | Two Thousand And Thirteen Organizational Restructuring Charges [Member] / Employee Severance And Other Cost [Member] | USD 63,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | 680 | Two Thousand And Twelve Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | 624 | Two Thousand And Thirteen Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | 629 | Two Thousand And Eleven Organizational Restructuring Charges [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | plant_closure | in_progress | 2013-07-01 | 2014-12-31 | United States | Printing Papers — Courtland, Alabama mill | USD 51 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Courtland mill shutdown announced in Q3 2013. Total expected pre-tax charges of ~$550M noncash asset write-offs and ~$125M cash severance across 2013–2014. No employee count disclosed. | ||
| 2013-09-30 | divestiture_reduction | completed | 2013-07-19 | 2013-07-19 | United States | Temple-Inland Building Products (15 manufacturing facilities) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Temple-Inland Building Products division to Georgia-Pacific for ~$733M completed July 19, 2013. No employee count disclosed. | |||
| 2013-09-30 | restructuring | in_progress | United States | Distribution — xpedx operations | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing xpedx restructuring with $6M charge in Q3 2013 and $30M YTD. Also $11M in xpedx transaction costs in Q3 related to proposed combination with Unisource. No employee count disclosed. | ||||
| 2013-09-30 | plant_closure | completed | 2013-01-01 | 2013-03-31 | United States | Consumer Packaging — Augusta, Georgia paper machine | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of a paper machine at Augusta, GA mill recorded in Q1 2013; reduced capacity by ~35,000 tons. Charge of $45M for nine months ended Sept 30, 2013 per segment footnote. No employee count disclosed. | ||
| 2013-09-30 | acquisition_addition | completed | 2013-01-03 | 2013-01-03 | Turkey | Industrial Packaging — Olmuksan International Paper | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 43.7% stake in Olmuksan for $56M, bringing ownership to 87.4% and triggering consolidation. No employee count disclosed. | |||
| 2013-09-30 | acquisition_addition | completed | 2013-01-14 | 2013-01-14 | Brazil | Industrial Packaging — Orsa IP (75% stake) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Formation of Orsa IP joint venture with Jari; IP holds 75% stake valued at ~$471M. Includes three containerboard mills and four box plants. No employee count disclosed. | |||
| 2013-09-30 | plant_closure | announced | 2013-09-30 | Alabama, United States | Printing Papers | USD 51 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced shutdown of Courtland mill. Pre-tax charge of $51 million recorded in Q3 2013. Total estimated pre-tax charges include ~$550 million noncash write-offs and ~$125 million cash severance/shutdown costs to be recorded in 2013 and 2014. | |||
| 2013-09-30 | restructuring | in_progress | Distribution | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring charges of $6 million recorded in Q3 2013. | |||||
| 2013-09-30 | restructuring | in_progress | Distribution | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx transaction costs of $11 million recorded in Q3 2013. | |||||
| 2013-09-30 | plant_closure | completed | Georgia, United States | Consumer Packaging | USD 44 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of a paper machine at Augusta mill. Charge of $44 million recorded in Q1 2013 (YTD). | ||||
| 2013-09-30 | restructuring | in_progress | Distribution | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring charges of $17 million recorded in Q2 2013 (YTD). | |||||
| 2013-09-30 | restructuring | in_progress | Distribution | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring charges of $7 million recorded in Q1 2013 (YTD). | |||||
| 2013-06-30 | plant_closure | completed | 2013-03-31 | 2013-06-30 | United States | Consumer Packaging — Augusta, Georgia mill | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of a paper machine at Augusta, GA; $44M pre-tax charge recorded in Q1 2013, $1M additional in Q2 2013. Reduced capacity ~35,000 tons in Q2 and 13,000 tons in Q1. No employee count disclosed. | ||
| 2013-06-30 | restructuring | in_progress | United States | Distribution — xpedx operations | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | xpedx restructuring charges of $17M pre-tax in Q2 2013 and $7M in Q1 2013 ($24M YTD). No employee count or announcement date disclosed. | ||||
| 2013-06-30 | acquisition_addition | completed | 2013-01-03 | 2013-01-03 | Turkey | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of remaining 43.7% of Olmuksan (Turkish corrugated packaging) for $56M, bringing ownership to 87.4%. Consolidated from Jan 1, 2013. No headcount disclosed. | |||
| 2013-06-30 | acquisition_addition | completed | 2013-01-14 | 2013-01-14 | Brazil | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Formation of Orsa IP joint venture (75% stake, ~$465M investment) including three containerboard mills and four box plants. Consolidated from Jan 14, 2013. No headcount disclosed. | |||
| 2013-06-30 | divestiture_reduction | completed | 2013-07-19 | 2013-07-19 | United States | Temple-Inland Building Products division (15 manufacturing facilities) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Temple-Inland Building Products to Georgia-Pacific for $710M cash, finalized July 19, 2013 (subsequent event). No headcount disclosed. | |||
| 2013-06-30 | restructuring | in_progress | Distribution | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring costs for the three months ended June 30, 2013. Employee count not disclosed. | |||||
| 2013-06-30 | restructuring | in_progress | Distribution | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring costs for the three months ended March 31, 2013. Employee count not disclosed. | |||||
| 2013-06-30 | plant_closure | completed | United States | Consumer Packaging | USD 44 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Augusta paper machine shutdown costs for the three months ended March 31, 2013. Employee count not disclosed. | ||||
| 2013-03-31 | plant_closure | in_progress | Augusta, Georgia, United States | Consumer Packaging | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of a paper machine at the Augusta, Georgia mill; reduced capacity by approximately 13,000 tons in Q1 2013. No employee count disclosed. | ||||
| 2013-03-31 | restructuring | in_progress | United States | Distribution (xpedx) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | xpedx restructuring charges of $7M before tax ($4M after tax) in Q1 2013. No employee count disclosed. | ||||
| 2013-03-31 | acquisition_addition | completed | 2013-01-03 | 2013-01-03 | Turkey | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 43.7% stake in Olmuksan International Paper for $56M, bringing ownership to 87.4% and triggering consolidation. No headcount disclosed. | |||
| 2013-03-31 | acquisition_addition | completed | 2013-01-14 | 2013-01-14 | Brazil | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Formed Orsa IP joint venture with 75% stake, including three containerboard mills and four box plants; investment approximately $470M. No headcount disclosed. | |||
| 2013-03-31 | other | announced | 2013-04-22 | United States | Distribution (xpedx) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced talks with Unisource for a Reverse Morris Trust combination of xpedx; non-binding LOI signed April 19, 2013. No employee count disclosed. | ||||
| 2013-03-31 | restructuring | in_progress | United States | Consumer Packaging | USD 44 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with the permanent shutdown of a paper machine at the Augusta, Georgia mill. Employee count not disclosed. | ||||
| 2013-03-31 | restructuring | in_progress | Distribution | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with the restructuring of the Company's xpedx operations. Employee count not disclosed. | |||||
| 2012-12-31 | acquisition_addition | completed | 2012-02-13 | 2012-02-13 | United States | Industrial Packaging | USD 164 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Temple-Inland acquired for approximately $3.7 billion plus assumed debt; headcount added not disclosed. Related pre-tax integration costs of $164 million recorded in 2012 selling and administrative expenses. Temple-Inland represented approximately 19% of 2012 net sales and 25% of total assets. | ||
| 2012-12-31 | divestiture_reduction | completed | 2012-07-02 | 2012-07-02 | United States | Industrial Packaging | USD 29 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | DOJ-required divestiture of three containerboard mills (Ontario and Oxnard/Hueneme, California to New-Indy; New Johnsonville, Tennessee to Hood Container), approximately 970,000 tons of capacity. Pre-tax charges of $29 million ($55 million after taxes) for divestiture costs, plus a separate $62 million pre-tax charge to write the Hueneme mill to fair value. Employees affected not disclosed. | ||
| 2012-12-31 | divestiture_reduction | completed | 2011-08-22 | 2012-01-31 | United States; international | Consumer Packaging | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | U.S. Shorewood business sold December 31, 2011; the remainder of the business was sold during January 2012 (exact closing date not disclosed). Employees affected not disclosed. | |||
| 2012-12-31 | restructuring | in_progress | 811 | 2012-01-01 | 2012-12-31 | United States; Europe | Distribution (xpedx); Industrial Packaging (EMEA) | USD 109 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidated 2012 restructuring and other charges of $109 million pre-tax ($74 million after taxes), comprising $48 million early debt extinguishment, $44 million xpedx restructuring and $17 million EMEA packaging restructuring. Approximately 811 employees were covered by the 2012 severance programs (severance portion of charges was $31 million); 432 had left the Company by December 31, 2012, with a $16 million severance balance remaining. Employee counts are not broken out by component. | |
| 2012-12-31 | divestiture_reduction | announced | 2012-12-12 | United States | Building Products (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell the Temple-Inland Building Products business (16 manufacturing facilities) to Georgia-Pacific for $750 million cash, subject to DOJ review; purchase price later adjusted to $710 million after the February 13, 2013 agreement to sell the Del-Tin interest. Employees affected not disclosed. | ||||
| 2012-12-31 | plant_closure | announced | United States | Consumer Packaging | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of a coated paperboard machine at the Augusta mill (140,000 tons annual capacity) announced in January 2013, after fiscal year-end; exact announcement date not disclosed. Employees affected not disclosed. | |||||
| 2012-12-31 | acquisition_addition | completed | 2013-01-03 | 2013-01-03 | Turkey | Industrial Packaging | USD 56 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Sabanci Holding's 43.7% interest in Olmuksa (effective January 1, 2013), bringing ownership to 87.4%; purchase price $56 million. Headcount added not disclosed. | ||
| 2012-12-31 | acquisition_addition | completed | 2013-01-14 | 2013-01-14 | Brazil | Industrial Packaging | USD 470 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Formation of Orsa International Paper Embalagens S.A. (75% held by International Paper), comprising three containerboard mills and four box plants; investment value approximately $470 million. Headcount added not disclosed. | ||
| 2012-12-31 | restructuring | completed | 811 | 2012-01-01 | 2012-12-31 | Global | Corporate, Industrial Packaging, Distribution | USD 31 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other costs for approximately 811 employees included in 2012 restructuring charges. Includes xpedx restructuring and EMEA packaging restructuring. | |
| 2012-12-31 | acquisition_addition | completed | 2012-02-13 | 2012-02-13 | United States | Industrial Packaging | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Temple-Inland, Inc. completed on February 13, 2012. Headcount added not explicitly disclosed in total, but integration costs and synergies noted. | |||
| 2012-12-31 | restructuring | in_progress | Two Thousand And Twelve Activity [Member] / Employee Severance And Other Cost [Member] | USD 24,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | United States | Distribution (xpedx) | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2012 pre-tax charge of $8M ($4M after-tax) for xpedx restructuring; ongoing multi-quarter program with charges in each quarter of 2012. No employee count disclosed. | ||||
| 2012-09-30 | restructuring | in_progress | Europe, Middle East and Africa | Industrial Packaging (EMEA) | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2012 pre-tax charge of $16M ($11M after-tax) for EMEA packaging restructuring. No employee count disclosed. | ||||
| 2012-09-30 | acquisition_addition | completed | 2012-02-13 | 2012-02-13 | United States | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temple-Inland acquisition completed 2012-02-13 for ~$3.7B cash plus ~$700M assumed debt. No headcount added disclosed. | |||
| 2012-09-30 | divestiture_reduction | completed | 2012-07-02 | 2012-07-02 | United States (Ontario CA, Oxnard/Hueneme CA, New Johnsonville TN) | Industrial Packaging (containerboard) | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three containerboard mills divested to satisfy DOJ Final Judgment conditions for Temple-Inland acquisition. Q3 2012 pre-tax charge of $19M ($49M after-tax) for additional divestiture costs. No employee count disclosed. | ||
| 2012-09-30 | plant_closure | completed | 2012-06-30 | 2012-07-02 | United States (Oxnard/Hueneme, California) | Industrial Packaging (containerboard) | USD 62 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2012 pre-tax charge of $62M ($38M after-tax) to write down Hueneme mill long-lived assets to fair value in anticipation of divestiture. No employee count disclosed. | ||
| 2012-09-30 | divestiture_reduction | completed | 2012-01-31 | 2012-01-31 | International (non-U.S.) | Consumer Packaging (Shorewood) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Shorewood non-U.S. business completed January 2012. No employee count disclosed. | |||
| 2012-09-30 | other | announced | 2012-10-24 | 2013-03-31 | Brazil | Industrial Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to form JV with Jari Celulose (Grupo Orsa) for industrial packaging assets; IP to hold 75% stake with ~$470M investment. Expected close Q1 2013. No headcount disclosed. | |||
| 2012-09-30 | acquisition_addition | announced | 2012-09-30 | 2013-03-31 | Turkey | Industrial Packaging (Olmuksa) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to purchase Sabanci's stake in Olmuksa for ~$56M; will trigger mandatory tender for remaining public shares. Expected close Q1 2013. No headcount disclosed. | |||
| 2012-09-30 | restructuring | in_progress | EMEA | Packaging | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | EMEA packaging restructuring charges recorded in Q3 2012. | ||||
| 2012-09-30 | restructuring | in_progress | United States | Distribution | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | xpedx restructuring charges recorded in Q3 2012. | ||||
| 2012-09-30 | plant_closure | completed | 2012-07-02 | United States | Industrial Packaging | USD 19 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divestiture of Ontario and Oxnard (Hueneme), California containerboard mills and New Johnsonville, Tennessee containerboard mill finalized July 2, 2012. Pre-tax charge of $19 million recorded in Q3 2012 for additional costs. | |||
| 2012-09-30 | restructuring | in_progress | Xpedx [Member] | USD 9,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | United States | Distribution (xpedx) | USD 29 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing xpedx restructuring: pre-tax charges of $19M in Q1 2012 and $10M in Q2 2012 ($29M YTD; $20M after taxes). Distribution segment impact was reported as $12M for Q2 and $33M YTD. No employee counts, announcement date, or completion date disclosed. | ||||
| 2012-06-30 | acquisition_addition | completed | 2012-02-13 | United States | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temple-Inland acquisition completed February 13, 2012 for approximately $3.7B cash plus roughly $700M assumed debt; purchase price allocation discloses no headcount added. Original announcement date not stated in this filing; date shown is the completion date. | ||||
| 2012-06-30 | divestiture_reduction | completed | 2012-07-02 | United States (California and Tennessee) | Industrial Packaging (containerboard) | USD 71 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | DOJ-required divestiture of the Ontario and Oxnard (Hueneme), CA and New Johnsonville, TN containerboard mills (~970,000 tons capacity); sales finalized July 2, 2012, after quarter end. Q2 2012 pre-tax charge of $71M comprises a $62M long-lived asset fair-value adjustment plus $9M of divestiture costs. No headcount disclosed; assets of $470M classified as held for sale at June 30, 2012. | |||
| 2012-06-30 | divestiture_reduction | announced | 2012-02-13 | United States | Building Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Upon closing the Temple-Inland acquisition, management committed to sell the Temple-Inland Building Products business and was still marketing it at June 30, 2012; results reported in discontinued operations with $608M assets and $58M liabilities held for sale. No headcount or expected closing date disclosed. | ||||
| 2012-06-30 | divestiture_reduction | completed | 2011-08-22 | 2012-01 | United States and international | Consumer Packaging (Shorewood) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Atlas Holdings announced August 22, 2011; US portion closed December 31, 2011 and the non-US business closed January 2012. Q2 2012 recorded a $6M pre-tax charge and Q1 2012 a $7M pre-tax gain adjusting the estimated loss on sale (sale-price adjustments, not severance). No headcount disclosed. | |||
| 2012-06-30 | restructuring | in_progress | Distribution (xpedx) | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $10 million recorded in Q2 2012 for xpedx restructuring costs. Employee count not disclosed. | |||||
| 2012-06-30 | restructuring | in_progress | Corporate | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $10 million recorded in Q2 2012 for early debt extinguishment costs. Employee count not disclosed. | |||||
| 2012-06-30 | restructuring | in_progress | Distribution (xpedx) | USD 19 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $19 million recorded in Q1 2012 for xpedx restructuring costs. Employee count not disclosed. | |||||
| 2012-06-30 | restructuring | in_progress | Corporate | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $16 million recorded in Q1 2012 for early debt extinguishment costs. Employee count not disclosed. | |||||
| 2012-06-30 | restructuring | in_progress | Xpedx [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | acquisition_addition | completed | 2012-02-13 | 2012-02-13 | United States | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temple-Inland acquisition closed 2012-02-13; no headcount added disclosed. Integration costs of $43M pre-tax recorded in Q1. | |||
| 2012-03-31 | restructuring | in_progress | United States | Distribution (xpedx) | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | xpedx restructuring charge of $19M pre-tax ($14M after tax) in Q1 2012; no employee count disclosed. | ||||
| 2012-03-31 | divestiture_reduction | in_progress | 2012-02-13 | 2012-06-11 | United States | Industrial Packaging | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | DOJ consent decree requires divestiture of three containerboard mills (Oxnard CA, Ontario CA, New Johnsonville TN) by 2012-06-11 with possible two 30-day extensions; long-lived assets of $187M classified as held for sale. No headcount disclosed. | |||
| 2012-03-31 | restructuring | in_progress | 2012-03-31 | Distribution (xpedx) | USD 19 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $19 million for restructuring costs related to the Company's xpedx business. Employee count not disclosed. | ||||
| 2012-03-31 | acquisition_addition | completed | 2012-02-13 | Industrial Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Temple-Inland Inc. completed on February 13, 2012. Headcount added not explicitly disclosed. | |||||
| 2012-03-31 | divestiture_reduction | completed | 2011-08-22 | 2012-01-31 | Non-U.S. | Consumer Packaging (Shorewood) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of the remainder of the Shorewood business (non-U.S. portion) completed in January 2012. Headcount removed not explicitly disclosed. | |||
| 2012-03-31 | restructuring | in_progress | Xpedx [Member] | USD 21,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | 629 | 2011-01-01 | United States | Distribution (xpedx) and corporate | USD 102 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2011 restructuring and other charges of $102M pre-tax ($66M after tax), including $25M of severance for approximately 629 employees; 454 had left the Company under these programs as of 2011-12-31. Components include $49M xpedx restructuring, $32M early debt extinguishment, $20M Temple-Inland merger agreement costs, $18M APPM acquisition costs, and a $24M Franklin mill credit. | ||
| 2011-12-31 | acquisition_addition | completed | 2011-10-14 | 2011-10-14 | India | Printing Papers | USD 18 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a 75% interest in Andhra Pradesh Paper Mills Limited (two mills, combined capacity about 250,000 tonnes of uncoated freesheet annually). Headcount added not disclosed; $18M pre-tax acquisition-related charge recorded in 2011 restructuring and other charges. | ||
| 2011-12-31 | divestiture_reduction | completed | 2011-08-22 | 2011-12-31 | United States | Consumer Packaging (Shorewood) | USD 207 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the U.S. portion of the Shorewood business to Atlas Holdings closed 2011-12-31; remainder sold January 2012. Net pre-tax charges of $207M (net gain of $47M after tax and noncontrolling interest) to reduce carrying value to fair market value. Headcount removed not disclosed; IP retained approximately 40% interest in the non-U.S. combined business. | ||
| 2011-12-31 | acquisition_addition | completed | 2012-02-13 | 2012-02-13 | United States | Industrial Packaging | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: acquisition of Temple-Inland completed 2012-02-13 at $32.00 per share plus approximately $700M of assumed debt, total transaction value approximately $4.5 billion. Headcount added not disclosed; purchase price allocation not yet completed. | |||
| 2011-12-31 | plant_closure | announced | 2012-02-13 | 2012-06-30 | United States | Industrial Packaging | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | As a DOJ Antitrust Division condition of the Temple-Inland transaction, three containerboard mills with approximately 970,000 tons of aggregate capacity must be divested within four months of the 2012-02-13 closing, with possible two 30-day extensions. Associated workforce reductions not disclosed. | |||
| 2011-12-31 | restructuring | in_progress | 2011-01-01 | United States | Distribution (xpedx) | USD 52 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Distribution segment operating profits included $52M of 2011 reorganization costs for severance, professional services and asset write-downs. Overlaps with the $49M xpedx restructuring line in the restructuring footnote; headcount not separately disclosed. | |||
| 2011-12-31 | restructuring | completed | 629 | 2011-01-01 | 2011-12-31 | Global | Various | USD 25 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other costs for approximately 629 employees included in 2011 restructuring charges. $25 million in severance charges. | |
| 2011-12-31 | restructuring | completed | 1,650 | 2010-01-01 | 2011-12-31 | Global | Various | USD 46 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other costs for approximately 1,650 employees included in 2010 restructuring charges. $46 million in severance charges. 1,618 employees had left by Dec 31, 2011. | |
| 2011-12-31 | restructuring | in_progress | Restructuring And Other Charges [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-09-30 | restructuring | in_progress | United States | Distribution (xpedx) | USD 35 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month cumulative pre-tax charge for xpedx operations reorganization; Q3 alone was $18M pre-tax ($13M after-tax). No employee counts or completion date disclosed. | ||||
| 2011-09-30 | restructuring | in_progress | United States | Corporate / Selling & Administrative | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | S&A reduction initiative charge recorded in Q1 2011 ($3M pre-tax, $2M after-tax). No headcount impact disclosed. | ||||
| 2011-09-30 | divestiture_reduction | announced | 2011-08-22 | 2011-12-31 | United States | Consumer Packaging (Shorewood) | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Shorewood business to Atlas Holdings announced 2011-08-22, expected to complete by end of 2011; IP retains ~40% interest outside the U.S. A separate $82M pre-tax impairment (net $148M gain after $222M tax benefit and $8M NCI gain) reduced carrying value to fair value. No employee counts disclosed. | ||
| 2011-09-30 | acquisition_addition | completed | 2011-10-14 | India | Printing Papers | USD 16 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of 75% of Andhra Pradesh Paper Mills (53.5% purchase ~$226M plus $57M non-compete; 21.5% tender ~$105M). Two mills, ~250,000 tonnes annual capacity. No headcount added disclosed; $16M pre-tax acquisition-related charge in Q3 2011. | |||
| 2011-09-30 | acquisition_addition | announced | 2011-09-06 | United States | Industrial Packaging | USD 8 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive merger agreement to acquire Temple-Inland at $32.00/share plus ~$600M assumed debt; ~$4.3B total. Expected to close Q4 2011 or Q1 2012, subject to shareholder and antitrust approval; committed financing secured. $8M pre-tax transaction costs in Q3 2011. No headcount disclosed. | |||
| 2011-09-30 | restructuring | in_progress | xpedx (Distribution) | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $18 million recorded in Q3 2011 for xpedx restructuring. Employee count not disclosed. | |||||
| 2011-09-30 | restructuring | in_progress | India | Printing Papers (APPM Acquisition) | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $16 million related to acquisition of APPM. Employee count not disclosed. | ||||
| 2011-09-30 | restructuring | in_progress | 2011-09-06 | Industrial Packaging (Temple-Inland Merger) | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $8 million for costs associated with signing agreement to acquire Temple-Inland. Employee count not disclosed. | ||||
| 2011-09-30 | restructuring | in_progress | Consumer Packaging (Shorewood) | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $6 million for costs associated with sale of Shorewood business. Employee count not disclosed. | |||||
| 2011-09-30 | restructuring | in_progress | Xpedx Member | USD 18,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2011-06-30 | restructuring | in_progress | United States | Distribution (xpedx) | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2011 pre-tax charge of $10M ($6M after tax) for xpedx restructuring; an additional $7M pre-tax charge was recorded in Q1 2011. No employee counts disclosed. | ||||
| 2011-06-30 | restructuring | in_progress | United States | Corporate (S&A reduction initiative) | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2011 pre-tax charge of $3M ($2M after tax) for the S&A reduction initiative. No employee counts or completion date disclosed. | ||||
| 2011-06-30 | restructuring | in_progress | North America | Consumer Packaging (Shorewood) | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2011 charge of $2M related to reorganization of Shorewood operations ($3M for six months). No employee counts disclosed. | ||||
| 2011-06-30 | plant_closure | in_progress | United States (Franklin, Virginia) | Printing Papers | USD -21 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2011 recorded a $21M pre-tax gain ($13M after tax) from a change in estimate of Franklin mill closure costs, reflecting the decision to repurpose part of the mill for fluff pulp. Original closure charges of $111M (Q2 2010) and $204M (Q1 2010) included accelerated depreciation and environmental costs; no employee counts disclosed in any period. | ||||
| 2011-06-30 | acquisition_addition | announced | 2011-07-12 | United States | Corporate | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Fully financed tender offer commenced for all outstanding shares of Temple-Inland Inc. at $30.60 per share in cash; no headcount impact disclosed. | ||||
| 2011-06-30 | acquisition_addition | announced | 2011-03-29 | India | Printing Papers | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire approximately 53.5% of Andhra Pradesh Paper Mills Limited for ~$257M cash plus a $62M non-compete payment, with a planned tender offer for up to an additional 21.5%. Two mills with combined capacity ~250,000 tonnes; no headcount disclosed. Pending regulatory approval; SEBI dispute over non-compete payment noted as of 2011-08-03. | ||||
| 2011-06-30 | restructuring | in_progress | United States | Printing Papers | USD -21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Gain of $21 million pre-tax related to change in estimate of closure costs for Franklin, Virginia mill due to decision to repurpose portion of mill to produce fluff pulp. | ||||
| 2011-06-30 | restructuring | in_progress | Distribution | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $10 million pre-tax for restructuring costs related to xpedx business. | |||||
| 2011-06-30 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $1 million pre-tax for other items. | ||||||
| 2011-06-30 | restructuring | in_progress | USD 32 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $32 million pre-tax for early debt extinguishment costs recorded in Q1 2011. | ||||||
| 2011-06-30 | restructuring | in_progress | Distribution | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $7 million pre-tax for restructuring costs related to xpedx business recorded in Q1 2011. | |||||
| 2011-06-30 | restructuring | in_progress | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $3 million pre-tax for S&A reduction initiative recorded in Q1 2011. | ||||||
| 2011-06-30 | restructuring | in_progress | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge of $3 million pre-tax for other items recorded in Q1 2011. | ||||||
| 2011-06-30 | restructuring | in_progress | Xpedx [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2011-03-31 | restructuring | in_progress | United States | Distribution (xpedx) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $7M ($4M after taxes) for xpedx restructuring; no employee count disclosed. | ||||
| 2011-03-31 | restructuring | in_progress | United States | Corporate / Selling & Administrative | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $3M ($2M after taxes) for S&A reduction initiative; no employee count disclosed. | ||||
| 2011-03-31 | plant_closure | announced | 2011-05-06 | United States — Vicksburg, Mississippi | Industrial Packaging (containerboard) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temporary shutdown of containerboard mill beginning May 8, 2011 due to anticipated flooding; announced after quarter end. | ||||
| 2011-03-31 | restructuring | completed | xpedx | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs related to the Company's xpedx business. Employee count not disclosed. | |||||
| 2011-03-31 | restructuring | completed | Corporate | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with the Company's S&A reduction initiative. Employee count not disclosed. | |||||
| 2011-03-31 | plant_closure | announced | 2011-05-06 | Vicksburg, Mississippi | Industrial Packaging | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Temporary shutdown of containerboard mill announced May 6, 2011, beginning May 8, 2011, due to flooding risks. Employee count and financial impact not disclosed. | ||||
| 2011-03-31 | restructuring | in_progress | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2011-03-31 | restructuring | in_progress | Shorewood Operations [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2010-12-31 | plant_closure | completed | 2010-04-30 | United States (Franklin, Virginia) | Printing Papers | USD 315 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of the Franklin, Virginia mill in April 2010; charge includes $236M accelerated depreciation, $36M environmental closure costs, $30M severance and $13M other. Aggregate 2010 restructuring severance covered approximately 1,650 employees across all programs, of whom 1,388 had separated as of 2010-12-31; a program-level employee count is not disclosed. | |||
| 2010-12-31 | plant_closure | announced | United States (Bellevue, Washington) | Industrial Packaging | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure costs recorded in Q4 2010, including $3M land write-down, $2M accelerated depreciation and $2M severance. Item 1 also lists this among facilities whose shutdown was announced during 2010. | ||||
| 2010-12-31 | plant_closure | announced | United States (Spartanburg, South Carolina) | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure costs recorded in Q4 2010, including $1M accelerated depreciation, $2M severance and $2M other charges. | ||||
| 2010-12-31 | plant_closure | completed | 2009-11-30 | France (Etienne) | Industrial Packaging | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mill closed November 2009; $3M of severance and other costs recorded in the current fiscal year 2010. Prior-year closure and impairment charges are excluded. | |||
| 2010-12-31 | restructuring | in_progress | United States | Consumer Packaging (Shorewood Packaging operations) | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reorganization of Shorewood Packaging operations; charge includes $3M accelerated depreciation, $1M severance and $4M other. | ||||
| 2010-12-31 | restructuring | in_progress | United States | Corporate (selling & administrative reduction initiative) | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and benefit costs for the S&A reduction initiative recorded in 2010. | ||||
| 2010-12-31 | plant_closure | in_progress | Asia | Industrial Packaging (box plants) | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and other costs for the closure of three box plants in Asia; $2M severance and $1M other charges. | ||||
| 2010-12-31 | plant_closure | announced | United States (Jonesboro, Arkansas; Newport News, Virginia) | Distribution / converting facilities | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Item 1 states that during 2010 the Company announced shutdowns at facilities in Jonesboro, Arkansas; Newport News, Virginia; Spartanburg, North Carolina; and Bellevue, Washington, with effects bargained where applicable. Only the Jonesboro and Newport News facilities are captured here; the Bellevue, Washington and Spartanburg container-facility closures are captured separately from the restructuring footnote to avoid double counting. No charge or headcount is disclosed for these two sites. | |||||
| 2010-12-31 | acquisition_addition | completed | 2010-06-30 | 2010-06-30 | Asia (China, Singapore, Malaysia, Indonesia) | Industrial Packaging | USD 205 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of SCA Packaging Asia (13 corrugated box plants and two specialty packaging facilities) for a preliminary purchase price of $205M ($171M cash plus $34M assumed debt). Headcount added is not disclosed; the acquired business represented approximately 1% of net sales and 1% of total assets and was excluded from the internal control over financial reporting assessment. | ||
| 2010-12-31 | restructuring | completed | 1,650 | 2010-01-01 | 2010-12-31 | Global | Various | USD 46 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges for approximately 1,650 employees included in 2010 restructuring charges. As of Dec 31, 2010, 1,388 employees had left. | |
| 2010-12-31 | plant_closure | completed | 2010-04-01 | 2010-12-31 | United States | Printing Papers | USD 315 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Permanent shutdown of Franklin, Virginia mill. Charge includes closure costs. | ||
| 2010-12-31 | plant_closure | completed | 2010-01-01 | 2010-12-31 | United States | Industrial Packaging | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Bellevue, Washington container facility. | ||
| 2010-12-31 | plant_closure | completed | 2010-01-01 | 2010-12-31 | United States | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Spartanburg, South Carolina container facility. | ||
| 2010-12-31 | acquisition_addition | completed | 2010-06-30 | 2010-06-30 | Asia | Industrial Packaging | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of SCA Packaging Asia. Headcount not explicitly disclosed in note. | |||
| 2010-09-30 | plant_closure | in_progress | 2010-01-01 | United States — Franklin, Virginia | Printing Papers / Consumer Packaging | USD 315 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure costs recorded across Q1 ($204M) and Q2 ($111M) 2010, including accelerated depreciation and environmental closure costs. No employee count disclosed. Q3 charges immaterial. | |||
| 2010-09-30 | restructuring | in_progress | 2010-04-01 | United States | Corporate / Selling & Administrative | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | S&A reduction initiative charge recorded in Q2 2010. No employee count or completion date disclosed. | |||
| 2010-09-30 | restructuring | in_progress | 2010-01-01 | International — Shorewood operations | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging reorganization charge recorded in Q1 2010. No employee count disclosed. | |||
| 2010-09-30 | acquisition_addition | completed | 2010-06-30 | 2010-06-30 | Asia — China, Singapore, Malaysia, Indonesia | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SCA Packaging Asia acquired for $206M preliminary purchase price; 13 corrugated box plants and 2 specialty packaging facilities. No headcount disclosed. | |||
| 2010-09-30 | plant_closure | completed | Franklin, Virginia | Printing Papers | USD 111 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure costs recorded in Q2 2010 (June 30) including accelerated depreciation and environmental closure costs. No employee count disclosed. | ||||
| 2010-09-30 | restructuring | completed | United States | Corporate / S&A | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | S&A reduction initiative costs recorded in Q2 2010. No employee count disclosed. | ||||
| 2010-09-30 | plant_closure | completed | Franklin, Virginia | Printing Papers | USD 204 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure costs recorded in Q1 2010 (March 31) including accelerated depreciation. No employee count disclosed. | ||||
| 2010-09-30 | restructuring | completed | United States | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shorewood Packaging reorganization costs recorded in Q1 2010. No employee count disclosed. | ||||
| 2010-09-30 | acquisition_addition | completed | 2010-06-30 | Asia (China, Singapore, Malaysia, Indonesia) | Industrial Packaging | USD 206 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of SCA Packaging Asia completed June 30, 2010. Includes 13 corrugated box plants and two specialty packaging facilities. No employee count disclosed. | |||
| 2010-06-30 | plant_closure | in_progress | Franklin, Virginia, United States | Printing Papers | USD 315 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Before-tax closure costs for the paper mill and associated operations: $204M in Q1 2010 and $111M in Q2 2010. Includes $236M of accelerated depreciation ($190M Q1, $46M Q2) and $36M of environmental closure costs (Q2). No employee count, announcement date, or completion date disclosed. | ||||
| 2010-06-30 | plant_closure | in_progress | Etienne, France | Industrial Packaging | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional closure costs of $2M in Q1 2010 and $1M in Q2 2010. Prior-year 2009 charges ($48M asset write-down, $15M severance) relate to the same mill but fall outside the current reporting period. No employee count disclosed. | ||||
| 2010-06-30 | plant_closure | in_progress | Jonesboro, Arkansas, United States | Industrial Packaging — North American box plants | USD 4 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states closure-related costs of about $4M in Q2 2010. No employee count or announcement date disclosed. | ||||
| 2010-06-30 | restructuring | in_progress | United States | Consumer Packaging — Shorewood operations | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2010 charge of $4M for the Shorewood Packaging reorganization ($3M in Q1 per Note 5; segment footnote shows $1M in Q2). No employee count disclosed. | ||||
| 2010-06-30 | restructuring | in_progress | United States | Corporate — Selling and administrative | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2010 before-tax charge of $2M ($1M after tax) for the S&A reduction initiative. No employee count or completion date disclosed. | ||||
| 2010-06-30 | acquisition_addition | completed | 2010-06-30 | Asia (China, Singapore, Malaysia, Indonesia) | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of SCA Packaging Asia completed 2010-06-30 for a preliminary purchase price of $206M ($172M cash plus $34M assumed debt). Assets comprise 13 corrugated box plants and two specialty packaging facilities. No headcount transferred disclosed. | ||||
| 2010-06-30 | plant_closure | in_progress | Franklin, Virginia | Printing Papers | USD 111 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2010 charges include $46M accelerated depreciation and $36M environmental closure costs. Employee count not disclosed. | ||||
| 2010-06-30 | restructuring | in_progress | Global | Selling and Administrative | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | S&A reduction initiative. Employee count not disclosed. | ||||
| 2010-06-30 | restructuring | completed | Franklin, Virginia | Printing Papers | USD 204 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2010 charges include $190M accelerated depreciation. Employee count not disclosed. | ||||
| 2010-06-30 | restructuring | in_progress | Shorewood | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shorewood Packaging reorganization in Q1 2010. Employee count not disclosed. | ||||
| 2010-06-30 | acquisition_addition | completed | 2010-06-30 | Asia | Industrial Packaging | USD 206 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of SCA Packaging Asia for $206M. Includes 13 corrugated box plants and 2 specialty packaging facilities. Employee count not disclosed. | |||
| 2010-03-31 | plant_closure | in_progress | Franklin, Virginia, United States | Printing Papers | USD 204 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax closure charge for the Franklin paper mill and associated operations, including $190 million of accelerated depreciation; $124 million after taxes. No employee count disclosed. | ||||
| 2010-03-31 | plant_closure | in_progress | United States | Industrial Packaging / Printing Papers | USD 3 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional closure costs recorded in Q1 2010 for the Pineville and Albany mill shutdowns executed in Q4 2009. No employee count disclosed. | ||||
| 2010-03-31 | plant_closure | in_progress | France | Industrial Packaging | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional closure costs for the Etienne mill recorded in Q1 2010. No employee count disclosed. | ||||
| 2010-03-31 | restructuring | in_progress | United States | Consumer Packaging (Shorewood Packaging) | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge for reorganization of Shorewood Packaging operations ($2 million after taxes). No employee count disclosed. | ||||
| 2010-03-31 | restructuring | in_progress | North America | Distribution (xpedx) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A cites headcount reductions at xpedx distribution operations as a contributor to Q1 2010 results; no count, date, or charge disclosed. | |||||
| 2010-03-31 | acquisition_addition | announced | 2010-04-26 | 2010-06-30 | Asia (China, Singapore, Malaysia, Indonesia) | Industrial Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to purchase SCA's Asia packaging business for $200 million cash (purchase price, not a workforce charge); 13 corrugated box plants and two specialty packaging facilities. Expected to close in Q2 2010 subject to Chinese regulatory approval. No headcount disclosed. | |||
| 2010-03-31 | plant_closure | completed | Franklin, Virginia | Printing Papers | USD 204 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure costs related to the paper mill and associated operations, including $190 million of accelerated depreciation. Employee count not disclosed. | ||||
| 2010-03-31 | restructuring | completed | Shorewood Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with the reorganization of the Company's Shorewood Packaging operations. Employee count not disclosed. | |||||
| 2009-12-31 | restructuring | in_progress | 3,175 | 2009-01-01 | Global | Multiple segments and corporate | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aggregate 2009 program: severance and other costs for approximately 3,175 employees were included in 2009 restructuring charges; 1,833 employees had left the Company under these programs as of 2009-12-31. MD&A states total 2009 headcount reduction of 6,000 across five mill closures, 24 closed converting/distribution locations and overhead reductions, with expected annual savings of approximately $650 million. Total 2009 restructuring and other charges were $1,353 million pre-tax ($1.4 billion including all items); charge shown as null here to avoid double-counting the component records below. | |||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | United States — Albany, Oregon | Industrial Packaging (containerboard mill) | USD 469 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax closure charge of $469 million ($286 million after taxes), including $429 million of noncash accelerated depreciation; mill shut down at the end of the fourth quarter of 2009. | ||
| 2009-12-31 | plant_closure | in_progress | 2009-01-01 | 2010-12-31 | United States — Franklin, Virginia | Printing Papers / Consumer Packaging (paper mill and associated operations) | USD 290 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $290 million ($177 million after taxes) recorded in 2009, including $239 million of noncash accelerated depreciation; additional charges of approximately $320 million pre-tax expected in 2010 prior to final closure. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | United States — Pineville, Louisiana | Industrial Packaging (containerboard mill) | USD 102 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $102 million ($62 million after taxes), including $75 million of noncash accelerated depreciation; mill shut down at the end of the fourth quarter of 2009. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | United States — Valliant, Oklahoma | Industrial Packaging (permanent shutdown of a paper machine) | USD 82 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $82 million ($50 million after taxes), including $78 million of noncash accelerated depreciation. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-11-30 | France — Etienne mill | Industrial Packaging (European) | USD 31 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax and after-tax charge of $31 million for severance and other costs; mill closed at the end of November 2009. A separate $48 million noncash write-down of the mill's long-lived assets to fair value was recorded in Q2 2009 and an $8 million charge in Q4 2009 (Net losses on sales and impairments of businesses). | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-03-31 | United Kingdom — Inverurie, Scotland | Printing Papers (mill) | USD 23 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $23 million ($28 million after taxes) for closure costs; decision to close the mill was made in February 2009 and closure occurred by end of March 2009. A $107 million asset impairment for the mill was recorded in 2008. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | United States | Distribution, Consumer Packaging and Industrial Packaging (converting and distribution locations) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A states the Company closed 24 converting or distribution locations during 2009; individual locations named in Item 1 include Vernon CA, Cedarburg WI, Kansas City KS, St. Paul MN, Chesapeake VA, Hartford City IN, Howell MI, Auburndale FL and Portland OR. No separate charge or employee count disclosed for these closures. | |||
| 2009-12-31 | reduction_in_force | in_progress | 2008-01-01 | 2009-12-31 | Global | Corporate overhead / salaried workforce | USD 148 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2009 charge of $148 million pre-tax ($92 million after taxes) for severance and benefit costs under the 2008 overhead cost reduction initiative, which targeted reducing the global salaried workforce by approximately 1,000 to 1,500 employees by the end of 2009; the filing states all employees under the 2008 initiative had been terminated by 2009-12-31. Actual 2009 headcount reduction from this initiative not separately quantified. | ||
| 2009-12-31 | restructuring | completed | 6,000 | 2009-01-01 | 2009-12-31 | Global | Various | USD 333 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reduction in headcount by 6,000 through mill closures, converting/distribution location closures, and overhead reduction program. Pre-tax charges of $333 million. | |
| 2009-12-31 | plant_closure | completed | 2009-12-31 | 2009-12-31 | United States | Printing Papers / Industrial Packaging | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Franklin, Virginia; Pineville, Louisiana; and Albany, Oregon mills. Bargained effects of closing. | |||
| 2009-12-31 | plant_closure | completed | 2009-11-30 | 2009-11-30 | France | Industrial Packaging | USD 87 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of Etienne mill in November 2009. Costs of $87 million. | ||
| 2009-12-31 | acquisition_addition | completed | 2008-08-04 | 2008-08-04 | United States | Industrial Packaging | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Weyerhaeuser Company's Containerboard, Packaging and Recycling (CBPR) business. Headcount not explicitly quantified in HC section, but integration synergies and overhead reductions noted. | |||
| 2009-09-30 | plant_closure | announced | 1,600 | 2009-10-22 | United States (Franklin, Virginia; Pineville, Louisiana; Albany, Oregon; Valliant, Oklahoma) | Paper and containerboard mills | USD 60 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced permanent shutdowns of the Franklin, VA paper mill, Pineville, LA and Albany, OR containerboard mills, and the idled No. 3 machine at Valliant, OK; reduces North American capacity by 2.1 million tons. Estimated noncash asset write-off and accelerated depreciation of approximately $1.1 billion plus additional closure costs to be determined, to be recorded in Q4 2009 and Q1 2010. | ||
| 2009-09-30 | plant_closure | in_progress | France | Industrial Packaging | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned closure of the Etienne mill; nine-month 2009 severance and other costs of $22 million ($7 million in Q3, $15 million in Q2), plus a separate $48 million pre-tax and after-tax long-lived asset write-down recorded in Q2 2009. No employee count disclosed. | ||||
| 2009-09-30 | plant_closure | completed | Scotland (United Kingdom) | Printing Papers | USD 23 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of the Inverurie mill; $23 million pre-tax closure charge recorded in Q1 2009 ($28 million after taxes). MD&A indicates the mill closure was complete by Q3 2009. No employee count disclosed. | ||||
| 2009-09-30 | restructuring | in_progress | United States | Corporate overhead | USD 39 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2008 overhead reduction program severance and benefits: $39 million pre-tax in Q3 2009, $34 million in Q2 2009, $52 million in Q1 2009. No employee counts disclosed in any quarter. | ||||
| 2009-09-30 | plant_closure | in_progress | United States (Franklin, Virginia) | Forest Products / Printing Papers | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2009 closure costs for the Franklin, Virginia lumber mill, sheet converting plant and converting innovations center. Distinct from the October 2009 announced closure of the Franklin paper mill. No employee count disclosed. | ||||
| 2009-09-30 | restructuring | in_progress | Canada / United States | Consumer Packaging (Shorewood Packaging) | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reorganization of Shorewood Packaging operations; $2 million pre-tax charge recorded in Q1 2009. No employee count disclosed. | ||||
| 2009-09-30 | restructuring | in_progress | 2008-01-01 | Global | Overhead / Corporate | USD 39 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and benefit costs associated with the 2008 overhead reduction program. Employee count not disclosed. | |||
| 2009-09-30 | plant_closure | in_progress | France | Industrial Packaging | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other costs related to the planned closure of the Etienne mill. Employee count not disclosed. | ||||
| 2009-09-30 | plant_closure | announced | 1,600 | 2009-10-22 | 2010-03-31 | United States | Industrial Packaging / Printing Papers | USD 60 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Closure of Franklin, VA paper mill; Pineville, LA and Albany, OR containerboard mills; shutdown of No. 3 machine at Valliant, OK. Includes $1.1B noncash write-offs and $60M cash severance. | |
| 2009-06-30 | restructuring | in_progress | 2008-01-01 | Global | Corporate / Overhead | USD 86 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2008 overhead reduction program; $34M Q2 2009 and $52M Q1 2009 severance and benefit charges. No employee count disclosed. | |||
| 2009-06-30 | plant_closure | in_progress | 2009-04-01 | France | Industrial Packaging | USD 63 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Etienne mill closure: $15M severance plus $48M long-lived asset write-down in Q2 2009. No employee count disclosed. | |||
| 2009-06-30 | plant_closure | completed | 2009-01-01 | Scotland | Printing Papers | USD 23 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Inverurie mill closure costs recorded in Q1 2009. No employee count disclosed. | |||
| 2009-06-30 | plant_closure | completed | 2009-01-01 | United States | Printing Papers / Consumer Packaging | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Franklin, Virginia lumber mill, sheet converting plant and converting innovations center closure costs in Q1 2009. No employee count disclosed. | |||
| 2009-06-30 | restructuring | in_progress | 2009-01-01 | Canada / Global | Consumer Packaging (Shorewood) | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging reorganization; $2M charge in Q1 2009 and $1M in Q2 2009. No employee count disclosed. | |||
| 2009-06-30 | acquisition_addition | completed | 2008-08-04 | 2008-08-04 | North America | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Weyerhaeuser Containerboard, Packaging and Recycling business acquired Aug 4, 2008 for $6B; headcount added not disclosed. | |||
| 2009-06-30 | restructuring | in_progress | 2008-01-01 | Global | Overhead reduction | USD 34 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2008 overhead reduction program: $34 million pre-tax charge for severance and benefit costs in Q2 2009. Employee count not disclosed. | |||
| 2009-06-30 | plant_closure | in_progress | France | Industrial Packaging (Etienne mill) | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Etienne mill closure: $15 million pre-tax charge for severance and other costs in Q2 2009. Employee count not disclosed. | ||||
| 2009-06-30 | plant_closure | completed | Scotland | Printing Papers (Inverurie mill) | USD 23 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Inverurie mill closure: $23 million pre-tax charge for closure costs in Q1 2009. Employee count not disclosed. | ||||
| 2009-06-30 | plant_closure | completed | Virginia, USA | Forest Products (Franklin mill) | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Franklin lumber mill, sheet converting plant, and converting innovations center closure: $6 million pre-tax charge in Q1 2009. Employee count not disclosed. | ||||
| 2009-06-30 | restructuring | completed | USA | Consumer Packaging (Shorewood) | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shorewood Packaging reorganization: $2 million pre-tax charge in Q1 2009. Employee count not disclosed. | ||||
| 2009-03-31 | restructuring | in_progress | 2009-03-31 | United States | Corporate / overhead functions | USD 52 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and benefits tied to the 2008 overhead reduction program; $32M after taxes. No employee count disclosed. | |||
| 2009-03-31 | plant_closure | in_progress | 2009-03-31 | Scotland | Printing Papers | USD 23 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure costs for the Inverurie mill; $28M after taxes. Mill closed at end of Q1 2009 per MD&A. No employee count disclosed. | |||
| 2009-03-31 | plant_closure | in_progress | 2009-03-31 | United States | Franklin, Virginia — lumber mill, sheet converting plant and converting innovations center | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure costs for specified Franklin, VA operations; $4M after taxes. No employee count disclosed. | |||
| 2009-03-31 | restructuring | in_progress | 2009-03-31 | United States | Consumer Packaging — Shorewood Packaging operations | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Costs associated with reorganization of Shorewood Packaging operations; $1M after taxes. No employee count disclosed. | |||
| 2009-03-31 | acquisition_addition | completed | 2008-08-04 | North America | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling business for $6B cash; included for context as prior-period acquisition. No headcount added disclosed. | ||||
| 2009-03-31 | restructuring | in_progress | United States | Corporate / Overhead | USD 52 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and benefits associated with 2008 overhead reduction program. Employee count not disclosed. | ||||
| 2009-03-31 | plant_closure | in_progress | Scotland | Printing Papers | USD 23 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure costs related to Inverurie mill. Employee count not disclosed. | ||||
| 2009-03-31 | plant_closure | in_progress | Virginia, United States | Forest Products / Printing Papers | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure costs for Franklin, Virginia lumber mill, sheet converting plant and converting innovations center. Employee count not disclosed. | ||||
| 2009-03-31 | restructuring | in_progress | United States | Consumer Packaging | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with reorganization of Shorewood Packaging operations. Employee count not disclosed. | ||||
| 2008-12-31 | restructuring | in_progress | 2009-12-31 | United States and global salaried workforce | Corporate / overhead functions | USD 53 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Targets reducing the global salaried workforce by approximately 1,000 to 1,500 employees by end of 2009 (range stated; no single count disclosed). Part of $370M total 2008 restructuring and other charges covering severance for approximately 1,675 employees, of whom 448 had separated as of 2008-12-31. | |||
| 2008-12-31 | plant_closure | completed | 2008-12-31 | Bastrop, Louisiana, United States | Printing Papers | USD 123 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent mill shutdown in the fourth quarter of 2008; includes $71M accelerated depreciation, $32M severance, $11M environmental and $9M other. Closing effects were bargained with the USW during 2008; affected-employee count not disclosed. | |||
| 2008-12-31 | plant_closure | completed | 2008-12-31 | Franklin, Virginia, United States | Printing Papers | USD 30 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shutdown of one uncoated paper machine in the fourth quarter of 2008; includes $23M accelerated depreciation, $6M severance, $1M other. Affected-employee count not disclosed. | |||
| 2008-12-31 | restructuring | in_progress | Canada | Consumer Packaging (Shorewood operations) | USD 30 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges recorded across all four quarters of 2008; includes $22M severance, $7M accelerated depreciation, $1M other. Affected-employee count not disclosed. | ||||
| 2008-12-31 | plant_closure | completed | 2008-12-31 | United States | Industrial Packaging (Ace Packaging) | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Includes $2M severance, $2M accelerated depreciation, $4M other. Affected-employee count not disclosed. | |||
| 2008-12-31 | acquisition_addition | completed | 2008-08-04 | 2008-08-04 | United States | Industrial Packaging (North American container business) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired for approximately $6 billion in cash on 2008-08-04. Headcount added not disclosed; CBPR represented approximately 8% of total net sales and 22% of total assets for 2008 and was excluded from the internal control assessment. | |||
| 2008-12-31 | plant_closure | announced | 2009-02 | 2009-03-31 | Inverurie, Scotland | Printing Papers | USD 107 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event disclosed after fiscal year-end; $107M impairment of the mill's long-lived assets was recorded in Q3 2008. Affected-employee count not disclosed. | ||
| 2008-12-31 | restructuring | completed | 1,675 | 2008-01-01 | 2009-12-31 | Global | Corporate / Overhead | USD 53 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2008 initiative to reduce overhead cost structure and global salaried workforce by approx 1,000-1,500 employees by end of 2009. Total severance and other costs for 1,675 employees. $53 million pre-tax charge. | |
| 2008-12-31 | plant_closure | completed | 2008-01-01 | 2008-12-31 | Louisiana, USA | Printing Papers | USD 123 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Permanent shutdown of Louisiana mill. $123 million charge for costs associated with shutdown. | ||
| 2008-12-31 | plant_closure | completed | 2008-01-01 | 2008-12-31 | Louisiana, USA | Printing Papers | USD 30 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of uncoated paper machine at Franklin mill. $30 million charge. | ||
| 2008-12-31 | acquisition_addition | completed | 2008-08-04 | 2008-08-04 | United States | Industrial Packaging | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Weyerhaeuser Containerboard, Packaging and Recycling (CBPR) business. Headcount not explicitly disclosed in footnote, but integration costs of $45 million recorded. | |||
| 2008-12-31 | restructuring | completed | 2008-01-01 | 2008-12-31 | United States | Consumer Packaging | USD 30 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reorganization of Shorewood business. $30 million charge. | ||
| 2008-09-30 | acquisition_addition | completed | 2008-08-04 | United States | Industrial Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling (CBPR) business for $6 billion cash; headcount added not disclosed. | ||||
| 2008-09-30 | restructuring | in_progress | Canada | Consumer Packaging | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reorganization of Shorewood operations in Canada; $8M pre-tax charge in Q3 2008 ($5M in Q1, $13M in Q2). Employee count not disclosed. | ||||
| 2008-09-30 | restructuring | in_progress | United States | Corporate | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs associated with the Company's Transformation Plan; employee count not disclosed. | ||||
| 2008-09-30 | other | completed | 2008-05-31 | United States | Industrial Packaging | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Recovery boiler explosion at Vicksburg, Mississippi facility in May 2008 resulted in one fatality and injuries to contractor employees; lawsuits filed, insurance expected to cover. | ||||
| 2008-09-30 | restructuring | in_progress | 2008-07-01 | Canada | Consumer Packaging (Shorewood operations) | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with reorganization of Shorewood operations in Canada. Employee count not disclosed. | |||
| 2008-09-30 | restructuring | in_progress | 2008-07-01 | United States | Corporate / Transformation Plan | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs associated with the Company's Transformation Plan. Employee count not disclosed. | |||
| 2008-09-30 | acquisition_addition | completed | 2008-08-04 | United States | Industrial Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Weyerhaeuser Company's Containerboard, Packaging and Recycling business (CBPR). Headcount added not disclosed. | ||||
| 2008-06-30 | restructuring | in_progress | Canada | Consumer Packaging (Shorewood) | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2008 charges of $13M pre-tax ($9M after-tax) for reorganizing Shorewood operations in Canada: $10M severance and $3M accelerated depreciation. No employee count disclosed. | ||||
| 2008-06-30 | restructuring | in_progress | Canada | Consumer Packaging (Shorewood) | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2008 charge of $5M pre-tax ($3M after-tax) for the same Shorewood Canada reorganization program. No employee count disclosed. | ||||
| 2008-06-30 | acquisition_addition | completed | 2008-03-17 | 2008-08-04 | North America | Industrial Packaging (North American Industrial Packaging) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling business for $6B cash, completed August 4, 2008 (subsequent to quarter end). No headcount added disclosed; purchase price allocation deferred to Q3 2008. | |||
| 2008-06-30 | restructuring | completed | 2008-04-01 | Canada | Shorewood operations | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2008 restructuring of Shorewood operations in Canada included $10 million pre-tax severance charges. Employee count not disclosed. | |||
| 2008-06-30 | restructuring | completed | 2008-01-01 | Canada | Shorewood operations | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2008 restructuring of Shorewood operations in Canada included $5 million pre-tax charge. Employee count not disclosed. | |||
| 2008-03-31 | restructuring | in_progress | Canada | Consumer Packaging — Shorewood operations | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2008 charge of $5M pre-tax ($3M after tax) for reorganization of Shorewood operations in Canada; no employee count, headcount impact, or completion date disclosed. | ||||
| 2008-03-31 | acquisition_addition | announced | 2008-03-17 | 2008-09-30 | North America | North American Packaging (Containerboard, Packaging and Recycling) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to purchase Weyerhaeuser's CBPR business for $6B cash, to be debt-financed; expected to close in Q3 2008 subject to approvals. No headcount associated with the transaction disclosed. | |||
| 2008-03-31 | other | in_progress | 2008-05-03 | United States — Vicksburg, Mississippi | Containerboard mill | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Recovery boiler explosion on 2008-05-03 during startup after annual outage; one fatality and 17 injuries, all contractor employees. Mill not operating; investigation underway. Business interruption and property damage insurance subject to deductibles up to $20M. | ||||
| 2008-03-31 | restructuring | in_progress | 2008-03-31 | Canada | Consumer Packaging (Shorewood) | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of Shorewood operations in Canada. Employee count not disclosed. | |||
| 2007-12-31 | restructuring | in_progress | 449 | United States | Company-wide (Transformation Plan) | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance sits within a $30 million pre-tax organizational restructuring charge for 2007. 332 of the 449 employees had been terminated as of 2007-12-31; balance of the charge covers accelerated depreciation, environmental and other items. | |||
| 2007-12-31 | plant_closure | completed | Terre Haute, Indiana, United States | Industrial Packaging | USD 33 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mill shut down during 2007 as part of the Transformation Plan; a separate $10 million pre-tax environmental charge relates to the closure. Employees affected not disclosed. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-03-31 | United States | Wood Products | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount removed through the sale not disclosed. Reported in discontinued operations. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-09-30 | United States and international | Beverage Packaging | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount removed through the sale not disclosed. Reported in discontinued operations. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-01-02 | United States | Kraft Papers | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount removed through the sale not disclosed. Reported in discontinued operations. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-02-28 | United States and Europe | Specialty Businesses and Other (Arizona Chemical) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company retained a minority interest of approximately 10%; operating results included in continuing operations through the sale date. Headcount removed not disclosed. | ||||
| 2007-12-31 | acquisition_addition | completed | 2007-08-24 | United States | Distribution (xpedx) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount added not disclosed. Excluded from management's assessment of internal control over financial reporting for 2007. | ||||
| 2007-12-31 | acquisition_addition | completed | 2007-02-01 | Brazil | Printing Papers | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount added not disclosed. Excluded from management's assessment of internal control over financial reporting for 2007. | ||||
| 2007-12-31 | acquisition_addition | completed | 2007-07-31 | Morocco | Industrial Packaging (European Container) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company acquired the remaining ~33.5% interest, making CMCP wholly owned. Headcount added not disclosed. | ||||
| 2007-12-31 | acquisition_addition | completed | 2007-11-30 | Mexico | Industrial Packaging | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount added not disclosed. | ||||
| 2007-12-31 | restructuring | completed | 449 | 2007-01-01 | 2007-12-31 | Global | Corporate / Transformation Plan | USD 18 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges for 449 employees related to the Company's Transformation Plan. As of December 31, 2007, 332 employees had been terminated. | |
| 2007-09-30 | plant_closure | in_progress | United States (Terre Haute, Indiana) | Printing Papers | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2007 pre-tax charges of $27M accelerated depreciation and $10M closure reserves for the Terre Haute mill; no employee count disclosed. | ||||
| 2007-09-30 | restructuring | in_progress | Brazil | Operations | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2007 pre-tax charge for restructuring of Brazil operations; no employee count disclosed. | ||||
| 2007-09-30 | restructuring | in_progress | Global | Corporate / Transformation Plan | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2007 pre-tax charge for organizational restructuring programs under the Transformation Plan; no employee count disclosed. | ||||
| 2007-09-30 | acquisition_addition | completed | 2007-08-24 | 2007-08-24 | United States | Distribution (xpedx) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Central Lewmar LLC for $189M completed 2007-08-24; headcount added not disclosed. | |||
| 2007-09-30 | divestiture_reduction | completed | International | Beverage Packaging (non-U.S. operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of remainder of non-U.S. Beverage Packaging business completed in Q3 2007; headcount removed not disclosed. | |||||
| 2007-09-30 | other | announced | 2007-10-05 | Russia | Printing Papers / Pulp | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | 50:50 joint venture Ilim Group formed; IP purchased 50% of Ilim Holding S.A. for ~$620M; headcount impact not disclosed. | ||||
| 2007-09-30 | restructuring | completed | United States | Terre Haute mill | USD 37 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $27 million for accelerated depreciation and $10 million for closure reserves associated with the Terre Haute mill. | ||||
| 2007-09-30 | restructuring | completed | Brazil | Brazil operations | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $3 million related to the restructuring of the Company's Brazil operations. | ||||
| 2007-09-30 | restructuring | completed | Global | Transformation Plan | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $2 million for organizational restructuring programs associated with the Company's Transformation Plan. | ||||
| 2007-09-30 | restructuring | completed | Global | Transformation Plan | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2007 pre-tax charges of $26 million for organizational restructuring, including $17 million accelerated depreciation. | ||||
| 2007-09-30 | restructuring | completed | Global | Transformation Plan | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2007 pre-tax charges of $18 million for organizational restructuring, including $12 million accelerated depreciation. | ||||
| 2007-09-30 | acquisition_addition | completed | 2007-08-24 | United States | Distribution | USD 189 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Central Lewmar LLC for $189 million. Headcount not disclosed. | |||
| 2007-09-30 | acquisition_addition | completed | 2007-07-31 | Morocco | Consumer Packaging | USD 40 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Purchase of remaining shares of CMCP for approximately $40 million. Headcount not disclosed. | |||
| 2007-09-30 | divestiture_reduction | completed | Global | Beverage Packaging | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of remainder of non-U.S. Beverage Packaging business completed in Q3 2007. Headcount not disclosed. | |||||
| 2007-09-30 | divestiture_reduction | completed | Global | Wood Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sales of lumber mills and wood products plants completed in March 2007. Headcount not disclosed. | |||||
| 2007-09-30 | divestiture_reduction | completed | Global | Kraft Papers | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Kraft Papers business completed in January 2007. Headcount not disclosed. | |||||
| 2007-09-30 | divestiture_reduction | completed | Global | Arizona Chemical | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Arizona Chemical business completed in Q1 2007. Headcount not disclosed. | |||||
| 2007-06-30 | restructuring | in_progress | Global | Corporate / Organizational | USD 26 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2007 organizational restructuring under Transformation Plan; includes $17M accelerated depreciation. No employee count disclosed. | ||||
| 2007-06-30 | restructuring | in_progress | Global | Corporate / Organizational | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2007 organizational restructuring under Transformation Plan; includes $12M accelerated depreciation. No employee count disclosed. | ||||
| 2007-06-30 | divestiture_reduction | completed | North America | Beverage Packaging | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | North American Beverage Packaging operations sold January 31, 2007; remaining non-U.S. operations expected to close later in 2007. No headcount disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | North America | Wood Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 13 lumber mills and five wood products plants completed March 2007. No headcount disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | North America | Kraft Papers | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Kraft Papers business sale completed January 2007. No headcount disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | North America | Arizona Chemical | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Arizona Chemical sale completed Q1 2007; IP retained ~10% minority interest. No headcount disclosed. | |||||
| 2007-06-30 | plant_closure | in_progress | United States | Printing Papers / Industrial Packaging | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pensacola, FL mill conversion from uncoated freesheet to lightweight linerboard; paper machine shutdown ongoing. No headcount impact disclosed. | |||||
| 2007-06-30 | restructuring | in_progress | Organizational restructuring programs associated with the Transformation Plan | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2007 charges include $17 million of accelerated depreciation for long-lived assets being removed from service. Employee count not disclosed. | |||||
| 2007-06-30 | restructuring | in_progress | Organizational restructuring programs associated with the Transformation Plan | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2007 charges include $12 million of accelerated depreciation for long-lived assets being removed from service. Employee count not disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | North America | Beverage Packaging | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of North American Beverage Packaging operations closed on January 31, 2007. Employee count not disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | Wood Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of 13 lumber mills and five wood products plants completed in March 2007. Employee count not disclosed. | ||||||
| 2007-06-30 | divestiture_reduction | completed | Kraft Papers | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Kraft Papers business completed in January 2007. Employee count not disclosed. | ||||||
| 2007-06-30 | divestiture_reduction | completed | Arizona Chemical | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Arizona Chemical business completed in Q1 2007. Employee count not disclosed. | ||||||
| 2007-06-30 | plant_closure | announced | 2007-12-31 | Edison, N.J. | Consumer Packaging (Shorewood) | USD 3 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced closure of Edison, N.J. plant by year end. Q2 results included $3 million of costs related to the closure. Employee count not disclosed. | |||
| 2007-03-31 | restructuring | in_progress | United States | Corporate / organizational | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2007 pre-tax charge of $18M ($11M after taxes) for organizational restructuring programs under the Transformation Plan; no employee count disclosed. | ||||
| 2007-03-31 | divestiture_reduction | completed | 2007-03-31 | North America | Wood Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 13 lumber mills and five wood products plants completed March 2007; headcount removed not disclosed. | ||||
| 2007-03-31 | divestiture_reduction | completed | 2007-01-31 | North America | Beverage Packaging | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | North American Beverage Packaging sale closed 2007-01-31; non-U.S. operations expected to close later in 2007. Headcount removed not disclosed. | ||||
| 2007-03-31 | divestiture_reduction | completed | 2007-01-31 | United States | Kraft Papers | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Kraft Papers sale completed January 2007; headcount removed not disclosed. | ||||
| 2007-03-31 | divestiture_reduction | completed | 2007-02-28 | United States | Specialty Businesses (Arizona Chemical) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Arizona Chemical sale completed February 2007; IP retained ~10% minority interest. Headcount removed not disclosed. | ||||
| 2007-03-31 | acquisition_addition | completed | 2007-02-01 | Brazil | Printing Papers (Luiz Antonio mill) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Non-cash asset exchange with Votorantim Celulose e Papel completed 2007-02-01; net assets acquired $1,520M. Headcount added not disclosed. | ||||
| 2007-03-31 | restructuring | in_progress | Organizational restructuring programs associated with the Transformation Plan | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $18 million recorded for organizational restructuring programs. Employee count not disclosed. | |||||
| 2007-03-31 | divestiture_reduction | completed | North America | Beverage Packaging | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of North American Beverage Packaging operations closed on January 31, 2007. Employee count not disclosed. | |||||
| 2007-03-31 | divestiture_reduction | completed | Kraft Papers | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Kraft Papers business completed in January 2007. Employee count not disclosed. | ||||||
| 2007-03-31 | divestiture_reduction | completed | Wood Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sales of 13 lumber mills and five wood products plants completed in March 2007. Employee count not disclosed. | ||||||
| 2007-03-31 | divestiture_reduction | completed | Arizona Chemical | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Arizona Chemical business completed in first quarter 2007. Employee count not disclosed. | ||||||
| 2006-12-31 | restructuring | in_progress | 1,669 | 2006-01-01 | United States and international | Corporate-wide organizational restructuring (Transformation Plan) | USD 157 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance charges in 2006 related to 1,669 employees; 803 terminated as of 2006-12-31. Charge of $157M pre-tax ($95M after tax) for organizational restructuring programs principally associated with the Transformation Plan; includes $32M asset write-downs and $125M severance and other. | ||
| 2006-12-31 | divestiture_reduction | completed | 2006-06-30 | 2006-09-30 | United States | Printing Papers — U.S. Coated and Supercalendered Papers business | USD 1,400 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive sale agreement signed Q2 2006 for approximately $1.4 billion; sale completed Q3 2006. Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | completed | 2006-06-30 | 2006-09-30 | Brazil | Printing Papers — Brazilian Coated Papers business | USD 420 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Stora Enso Oyj completed Q3 2006 for approximately $420 million. Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | completed | 2006-06-30 | 2007-01-02 | United States | Specialty Businesses — Kraft Papers business | USD 155 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed Q2 2006 for approximately $155 million; sale completed 2007-01-02 (subsequent event). Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | completed | 2006-12-31 | 2007-01-31 | United States and international | Consumer Packaging — Beverage Packaging business | USD 500 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell to Carter Holt Harvey Limited for approximately $500 million announced Q4 2006; North American operations closed 2007-01-31, remaining non-U.S. operations expected to close later in Q1 2007. Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | announced | 2006-12-31 | 2007-06-30 | United States | Forest Products — Wood Products business (13 lumber mills and 5 wood products plants) | USD 562 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two separate definitive agreements announced Q4 2006: 13 lumber mills for approximately $325 million (expected Q1 2007) and five wood products plants for approximately $237 million (expected first half 2007). Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | announced | 2006-12-31 | 2007-03-31 | United States and international | Specialty Businesses and Other — Arizona Chemical business | USD 485 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement entered December 2006 for approximately $485 million; transaction closed in Q1 2007. Headcount not disclosed. | ||
| 2006-12-31 | acquisition_addition | completed | 2006-10-31 | 2006-12-31 | China | Consumer Packaging — coated paperboard joint ventures with Sun Cartonboard Co., Ltd. | USD 110 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | October/November 2006: approximately $82 million for 50% interest in International Paper & Sun Cartonboard Co., Ltd.; December 2006: approximately $28 million for 50% interest in Shandong International Paper & Sun Coated Paperboard Co., Ltd. Headcount not disclosed. | ||
| 2006-12-31 | acquisition_addition | completed | 2006-05-01 | 2006-05-01 | Asia | Distribution — International Paper Distribution Limited (formerly IPPM) | USD 21 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | May 2006 purchase of remaining 25% interest from Carter Holt Harvey for $21 million. Headcount not disclosed. | ||
| 2006-12-31 | other | completed | 2006-12-31 | United States | Paper mill and non-paper mill operations — labor contract negotiations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2006, new labor agreements ratified at four paper mills (Savannah, GA carried over to early 2007; Terre Haute, IN also carried over), and 25 labor agreements settled in non-paper mill operations. Approximately 13,000 U.S. union employees represented by the United Steel Workers under individual location contracts. | ||||
| 2006-12-31 | plant_closure | announced | 2006-12-31 | 2007-12-31 | United States | Printing Papers — Pensacola, Florida mill conversion to containerboard | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2007 the Pensacola mill will be converted to produce containerboard, reducing future U.S. uncoated freesheet capacity; associated workforce impact not quantified. | |||
| 2006-12-31 | restructuring | completed | 1,669 | 2006-01-01 | 2006-12-31 | Global | Corporate and Business Segments | USD 157 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2006 organizational restructuring program. Severance charges related to 1,669 employees. As of Dec 31, 2006, 803 terminated. Total pre-tax charge $300M including $157M for org restructuring. | |
| 2006-12-31 | restructuring | completed | 791 | 2005-01-01 | 2006-12-31 | Global | Corporate and Business Segments | USD 256 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2005 organizational restructuring program. Severance charges related to 791 employees. All terminated by Dec 31, 2006. Total pre-tax charge $340M including $256M for org restructuring. | |
| 2006-09-30 | restructuring | in_progress | 2005-07-01 | United States | Multiple segments | USD 92 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2006 restructuring charges of $92M pre-tax ($56M after-tax) under the Transformation Plan, including $57M for severance, lease termination, and other charges plus $35M for legal reserve adjustments. No employee headcount disclosed. | |||
| 2006-09-30 | divestiture_reduction | completed | 2006-09-30 | Brazil | Printing Papers — Brazilian Coated Papers | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Brazilian Coated Papers business to Stora Enso Oyj completed in Q3 2006 for approximately $420M. No headcount disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | 2006-04-01 | 2006-08-01 | United States | Printing Papers — Coated and Supercalendered Papers | USD 38 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Coated and Supercalendered Papers business completed August 1, 2006 for approximately $1.4B. A $38M pre-tax charge was recorded on completion. No headcount disclosed. | ||
| 2006-09-30 | divestiture_reduction | announced | 2006-04-01 | United States | Printing Papers — Kraft Papers | USD 117 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in Q2 2006 to sell Kraft Papers for ~$155M cash plus contingent payments. Pre-tax charges of $101M (Q1) and $16M (Q2) to write down carrying value. Sale expected to close late 2006 or early 2007. No headcount disclosed. | |||
| 2006-09-30 | plant_closure | in_progress | 2006-03-01 | 2006-12-31 | United States | Forest Products — Forestlands | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transformation Plan forestland sales of ~5.7 million acres for ~$6.6B. Remaining sales expected to complete in Q4 2006. No headcount impact disclosed. | |||
| 2006-09-30 | restructuring | in_progress | 2006-07-01 | Global | Transformation Plan | USD 57 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2006 charge includes $15M severance, $25M lease termination, and $17M other charges associated with the Transformation Plan. | |||
| 2006-09-30 | restructuring | in_progress | 2006-04-01 | Global | Transformation Plan | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2006 charge includes $31M severance and $19M other charges associated with the Transformation Plan. | |||
| 2006-09-30 | restructuring | in_progress | 2006-01-01 | Global | Transformation Plan | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2006 charge includes severance costs associated with the Transformation Plan. | |||
| 2006-09-30 | plant_closure | completed | 2005-07-01 | United States | Printing Papers | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2005 charge for severance and other charges associated with the indefinite shutdown of three U.S. paper machines. | |||
| 2006-09-30 | restructuring | completed | 2005-07-01 | United States | Forest Products | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2005 charge for costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia. | |||
| 2006-06-30 | restructuring | in_progress | 2005-07-01 | Global | Enterprise-wide (Transformation Plan) | USD 54 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2006 pre-tax charge of $54M ($33M after taxes) includes $50M for severance and other termination benefits (~$31M severance) tied to the Transformation Plan, plus $4M for legal settlements. No employee headcount disclosed. | |||
| 2006-06-30 | restructuring | in_progress | 2005-07-01 | Global | Enterprise-wide (Transformation Plan) | USD 46 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2006 restructuring charges of $46M pre-tax ($28M after taxes), including $20M for organizational restructuring/severance under the Transformation Plan, $8M early debt extinguishment, $18M legal reserve adjustments, $6M tax adjustments, offset by $19M insurance recovery credit. No employee headcount disclosed. | |||
| 2006-06-30 | divestiture_reduction | in_progress | 2006-04-04 | 2006-12-31 | United States | Forest Products / Forestlands | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreements announced April 2006 to sell ~5.7 million acres of U.S. forestlands for ~$6.6 billion; ~75,000 acres sold in Q2 2006 for ~$97M (pre-tax gain $62M). Remaining sales expected to complete during 2006. No employee headcount impact disclosed. | |||
| 2006-06-30 | divestiture_reduction | completed | 2006-04-01 | 2006-08-01 | United States | Printing Papers (Coated and Supercalendered Papers) | USD 85 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in Q2 2006 to sell Coated and Supercalendered Papers for ~$1.4B; $85M pre-tax charge ($53M after taxes) to adjust net assets to fair value. Sale completed August 1, 2006 (subsequent event). No employee headcount disclosed. | ||
| 2006-06-30 | divestiture_reduction | in_progress | 2006-04-01 | United States | Printing Papers (Kraft Papers) | USD 16 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in Q2 2006 to sell Kraft Papers for ~$155M plus contingent payments up to $60M; $16M pre-tax charge ($10M after taxes) to further reduce carrying value. Classified as discontinued operations. No employee headcount disclosed. | |||
| 2006-06-30 | other | announced | 2006-07-13 | 2007-12-31 | United States | Corporate (Share Repurchase) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board authorized a share repurchase program of up to $3.0 billion on July 13, 2006, funded by Transformation Plan proceeds. Not a workforce action per se but disclosed as subsequent event; no headcount impact stated. | |||
| 2006-06-30 | restructuring | in_progress | 2006-04-01 | Corporate / Transformation Plan | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2006 pre-tax charge of $50 million for severance and other termination benefits associated with the Transformation Plan. Employee count not disclosed. | ||||
| 2006-06-30 | restructuring | in_progress | 2006-01-01 | Corporate / Transformation Plan | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q1 2006 pre-tax charge of $20 million for organizational restructuring programs, principally severance costs associated with the Transformation Plan. Employee count not disclosed. | ||||
| 2006-06-30 | restructuring | in_progress | 2005-04-01 | United States | Printing Papers | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2005 pre-tax charge of $17 million for severance and other charges associated with the indefinite shutdown of three U.S. paper machines. Employee count not disclosed. | |||
| 2006-06-30 | restructuring | in_progress | 2005-04-01 | United States | Forest Products | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2005 pre-tax charge of $14 million for costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia. Employee count not disclosed. | |||
| 2006-03-31 | restructuring | in_progress | United States | Corporate / enterprise-wide | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $20M ($12M after taxes) for organizational restructuring programs, principally severance tied to the Transformation Plan. No employee count disclosed. | ||||
| 2006-03-31 | divestiture_reduction | in_progress | United States | Coated and Supercalendered Papers; Kraft Papers | USD 1,400 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Coated and Supercalendered Papers and Kraft Papers classified as held for sale; ~$1.4B pre-tax write-down recorded. Exclusive negotiations with buyers underway. No headcount figure disclosed. | ||||
| 2006-03-31 | plant_closure | announced | Maresquel, France | Printing Papers — European Papers | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of the Maresquel mill in France referenced as causing production disruptions in Q1 2006. No employee count or charge disclosed in this filing. | |||||
| 2006-03-31 | restructuring | in_progress | 2005-07-01 | Organizational restructuring | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $20 million for organizational restructuring programs, principally severance costs associated with the Company's Transformation Plan. Employee count not disclosed. | ||||
| 2005-12-31 | restructuring | in_progress | 855 | 2005-07-19 | United States and international | Corporate-wide organizational restructuring (Transformation Plan) | USD 274 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance charges recorded in 2005 related to 855 employees; 661 had been terminated as of December 31, 2005. Pre-tax organizational restructuring charge of $274M (part of $358M total 2005 restructuring and other charges). Severance rollforward: $29M opening, $25M Q3 additions, $50M Q4 additions, $54M cash charges, $40M balance at year-end. Charge includes $170M asset write-downs and $104M severance and other. | ||
| 2005-12-31 | plant_closure | completed | 2005-12-31 | United States (Pensacola, Florida; Jay, Maine; Bastrop, Louisiana) | Printing Papers — uncoated paper machines | USD 145 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three U.S. uncoated freesheet machines permanently closed in Q4 2005: $50M for machine shutdowns plus $95M to write down the Bastrop mill to net realizable value of $105M. Included within the $274M organizational restructuring charge — do not add to that total. Approximately 290,000 tons of the 830,000 tons of 2005 lack-of-order downtime related to these mills. | |||
| 2005-12-31 | plant_closure | completed | 2005-09-30 | Norway | Specialty Businesses and Other | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Third-quarter 2005 charge related to shutdown of a plant in Norway; included within the $274M organizational restructuring charge. | |||
| 2005-12-31 | plant_closure | completed | 2005-12-31 | United States (Joplin, Missouri) | Forest Products | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges related to closure of the Joplin, Missouri facility, plus $2M for relocation of the Forest Products headquarters from Savannah, Georgia to Memphis, Tennessee; included within the $274M organizational restructuring charge. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-09-30 | New Zealand | Carter Holt Harvey Limited (50.5% interest) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50.5% interest completed in Q3 2005 for approximately $1.14 billion, principally to reduce debt; pre-tax gain of $29M ($361M after taxes and minority interest). Headcount not disclosed. | ||||
| 2005-12-31 | divestiture_reduction | completed | 2005-04-30 | United States | Printing Papers — Fine Papers business | USD 24 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fine Papers sold to Mohawk Paper Mills; completed April 30, 2005. Q1 2005 pre-tax write-down of $24M ($13M after taxes) to net realizable value. Headcount not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-05-31 | United States and Netherlands | Industrial Packaging — Industrial Papers business | USD 49 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Industrial Papers sold to an affiliate of Kohlberg and Company; completed May 31, 2005. Q1 2005 pre-tax write-down of $49M ($35M after taxes). Reduced 2005 segment earnings contribution by $25M. Headcount not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-06-30 | France | Specialty Businesses and Other — European Distribution (Papeteries de France) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | European Distribution business exited with the sale of Papeteries de France in Q2 2005; related goodwill reclassified to assets held for sale. Headcount not disclosed. | ||||
| 2005-12-31 | acquisition_addition | completed | 2005-10-14 | Morocco | Industrial Packaging — corrugated packaging (CMCP, ~65% interest) | USD 80 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired approximately 65% of Compagnie Marocaine des Cartons et des Papiers for ~$80M cash plus ~$40M assumed debt. Excluded from management's ICFR assessment as less than 1% of total assets and revenues. Headcount added not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-08-01 | Hong Kong / Asia | Industrial Packaging — International Paper Distribution Limited (IPPM, additional 50% interest) | USD 46 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased the 50% third-party interest in IPPM (renamed International Paper Distribution Limited) for $46.1M; approximately $50M of goodwill recognized. Segment sales included $104M from this business post-acquisition. Headcount added not disclosed. | |||
| 2005-12-31 | other | in_progress | 2005-07-19 | United States | Corporate — headquarters relocations (Stamford, Connecticut to Memphis, Tennessee; Forest Products from Savannah, Georgia) | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | $2M for relocation of International Paper's headquarters and $12M of transformation costs in Corporate, plus $2M for the Forest Products headquarters relocation; included within the $274M organizational restructuring charge. Employees affected not disclosed. | |||
| 2005-12-31 | restructuring | completed | 855 | 2005-01-01 | 2005-12-31 | Global | Corporate and Business Segments | USD 104 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges recorded in 2005 related to 855 employees. As of Dec 31, 2005, 661 terminated. Total restructuring charges were $358M pre-tax, including $274M for organizational restructuring (Transformation Plan). | |
| 2005-12-31 | plant_closure | completed | 2005-01-01 | 2005-12-31 | United States | Printing Papers | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Permanent closure of three uncoated freesheet machines at mills in Pensacola, Florida; Jay, Maine; and Bastrop, Louisiana in the fourth quarter. Associated with 290,000 tons of lack-of-order downtime. | |||
| 2005-12-31 | restructuring | in_progress | 855 | 2005-07-19 | United States and international operations | Corporate-wide organizational restructuring (Transformation Plan) | USD 274 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2005 severance charges related to 855 employees; 661 terminated as of 2005-12-31. Pre-tax charge of $274M ($174M after taxes), comprising $170M asset write-downs and $104M severance and other. Severance reserve balance $40M at year-end. Program principally tied to the Transformation Plan announced 2005-07-19. | ||
| 2005-12-31 | plant_closure | completed | 2005-12-31 | United States (Pensacola, Florida; Jay, Maine; Bastrop, Louisiana) | Printing Papers — uncoated paper machines | USD 50 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of three U.S. uncoated paper machines in Q4 2005; associated charges of $50M plus a separate $95M write-down of the Bastrop, Louisiana mill to net realizable value of $105M. Employees affected not disclosed; ~290,000 tons of 2005 lack-of-order downtime related to these machines. | |||
| 2005-12-31 | plant_closure | completed | 2005-12-31 | United States (Joplin, Missouri) | Forest Products | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges related to closure of the Joplin, Missouri facility; employees affected not disclosed. | |||
| 2005-12-31 | plant_closure | completed | 2005-09-30 | Norway | Specialty Businesses and Other | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Third-quarter charge related to shutdown of a plant in Norway; employees affected not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-09-30 | New Zealand | Carter Holt Harvey Limited (50.5% interest) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50.5% interest in CHH completed in Q3 2005 for approximately $1.14 billion; presented as discontinued operations. Headcount removed not disclosed. | ||||
| 2005-12-31 | divestiture_reduction | completed | 2005-04-30 | United States | Printing Papers — Fine Papers business | USD 24 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fine Papers sold to Mohawk Paper Mills; $24M pre-tax loss ($13M after taxes) recorded to write down net assets. Headcount removed not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-05-31 | United States and Netherlands | Industrial Packaging — Industrial Papers business | USD 49 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Industrial Papers sold to an affiliate of Kohlberg and Company; $49M pre-tax loss ($35M after taxes) recorded. Headcount removed not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-08-01 | Hong Kong / Asia | Distribution and Packaging — 50% interest in International Paper Distribution Limited (formerly IPPM) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of a 50% third-party interest for $46.1 million; approximately $50M of goodwill recorded in 2005 acquisitions. Headcount added not disclosed. | ||||
| 2005-12-31 | acquisition_addition | completed | 2005-10-14 | Morocco | Industrial Packaging — Compagnie Marocaine des Cartons et des Papiers (CMCP, ~65% interest) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired for approximately $80M cash plus ~$40M assumed debt; excluded from management's internal control assessment as less than 1% of total assets and revenues. Headcount added not disclosed. | ||||
| 2005-09-30 | restructuring | in_progress | 2005-07-01 | United States; Norway | Printing Papers; Forest Products; Consumer Packaging; Industrial Packaging; Specialty Businesses | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2005 organizational restructuring charge of $44M pre-tax ($32M after taxes). Sub-components disclosed in segment MD&A include $6M severance for indefinite shutdown of three U.S. paper machines (Printing Papers), $13M for a plant shutdown in Norway (Specialty Businesses), $2M HQ relocation (Forest Products), $4M reserve adjustment (Industrial Packaging), $1M environmental reserves (Consumer Packaging), and $3M environmental reserves (Printing Papers). No employee headcount affected is disclosed. | |||
| 2005-09-30 | restructuring | in_progress | 2005-04-01 | United States | Corporate / multiple segments | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2005 organizational restructuring charge of $31M pre-tax ($19M after taxes). No employee headcount affected is disclosed. | |||
| 2005-09-30 | acquisition_addition | completed | 2005-08-01 | 2005-08-01 | Hong Kong / Asia | Distribution and packaging (IPPM) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | IP acquired the 50% outside interest of International Paper Pacific Millennium Limited for $46.1M; consolidated from August 2005. No headcount added is disclosed. | |||
| 2005-09-30 | divestiture_reduction | completed | 2005-09-21 | 2005-09-21 | New Zealand | Carter Holt Harvey Limited (50.5% interest) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50.5% interest in CHH to Rank Group for ~$1.14B; presented as discontinued operation. No headcount removed is disclosed. | |||
| 2005-09-30 | acquisition_addition | announced | 2005-10-04 | 2005-10-04 | Morocco | Corrugated packaging (CMCP) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ~65% of Compagnie Marocaine des Cartons et des Papiers for ~$80M cash plus ~$40M assumed debt. No headcount added is disclosed. | |||
| 2005-09-30 | restructuring | completed | 351 | 2004-09-30 | Organizational restructuring | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2004 charge included $17 million of severance costs covering the termination of 351 employees. | |||
| 2005-09-30 | restructuring | completed | 2005-09-30 | Printing Papers | USD 6 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2005 special charge for severance and other charges associated with the indefinite shutdown of three paper machines. | ||||
| 2005-09-30 | restructuring | completed | 2005-09-30 | Norway | Specialty Businesses and Other | USD 13 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2005 special charge related to a plant shutdown in Norway. | |||
| 2005-09-30 | restructuring | completed | 2005-09-30 | United States | Forest Products | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2005 special charge for costs associated with relocating the business headquarters to Memphis, TN from Savannah, GA. | |||
| 2005-06-30 | plant_closure | in_progress | 2005-04-01 | United States | Printing Papers | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax severance and other charges tied to indefinite shutdown of three U.S. paper machines; no employee count disclosed. | |||
| 2005-06-30 | restructuring | in_progress | 2005-04-01 | United States | Forest Products | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Costs for relocating business headquarters from Savannah, Georgia to Memphis, Tennessee; no employee count disclosed. | |||
| 2005-06-30 | divestiture_reduction | completed | 2005-03-01 | 2005-05-31 | United States | Industrial Packaging | USD 49 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Industrial Papers business to Kohlberg affiliate completed end of May 2005; $49M pre-tax write-down recorded in Q1 2005; no headcount disclosed. | ||
| 2005-06-30 | divestiture_reduction | completed | 2005-03-01 | 2005-06-30 | United States | Printing Papers | USD 24 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Fine Papers business to Mohawk Paper Mills completed in Q2 2005; $24M pre-tax write-down recorded in Q1 2005; no headcount disclosed. | ||
| 2005-06-30 | acquisition_addition | completed | 2005-04-28 | 2005-04-28 | New Zealand | Carter Holt Harvey | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CHH completed acquisition of Tenon Limited structural timber business for approximately NZ$165 million (US$120 million); no headcount disclosed. | |||
| 2005-06-30 | acquisition_addition | completed | 2005-01-01 | 2005-03-31 | Australia | Carter Holt Harvey | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CHH completed acquisition of Wadepack Limited, an Australian carton business, for approximately $65 million; no headcount disclosed. | |||
| 2005-06-30 | divestiture_reduction | announced | 2005-07-19 | 2006-03-31 | Global | Multiple segments under evaluation for sale or spin-off | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transformation plan announced to focus on Uncoated Papers and Packaging; evaluating sale/spin-off of CHH stake, Coated and Supercalendered Papers, Beverage Packaging, Kraft Papers, Arizona Chemical, Wood Products, and forestlands; estimated $8-10B after-tax proceeds; no headcount disclosed. | |||
| 2005-06-30 | divestiture_reduction | announced | 2005-06-01 | 2005-12-31 | New Zealand | Carter Holt Harvey | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced it will explore strategic alternatives for its 50.5% stake in CHH, hoping to identify alternatives before end of 2005; no headcount disclosed. | |||
| 2005-06-30 | restructuring | completed | 431 | 2005-06-30 | United States | Printing Papers | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other charges associated with the indefinite shutdown of three U.S. paper machines. | ||
| 2005-06-30 | restructuring | completed | 2005-06-30 | United States | Forest Products | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia. | |||
| 2005-03-31 | divestiture_reduction | completed | 500 | 2005-03-31 | 2005-05-02 | United States | Printing Papers — Fine Papers business | USD 24 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax write-down of Fine Papers net assets to realizable value; sale to Mohawk Paper Mills closed 2005-05-02 for approx. $60 million proceeds. Headcount figure is approximate as stated. | |
| 2005-03-31 | divestiture_reduction | announced | 2005-03-31 | 2005-06-30 | United States | Printing Papers — Industrial Papers business | USD 49 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to affiliate of Kohlberg and Company for $180 million; pre-tax write-down recorded in Q1 2005; expected to close in Q2 2005. No employee count disclosed. | ||
| 2005-03-31 | acquisition_addition | completed | 2005-03-31 | 2005-03-31 | Australia | Consumer Packaging — carton business | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey acquired Wadepack Limited for approx. $65 million; $42 million of goodwill recorded and immediately impaired. No headcount disclosed. | |||
| 2005-03-31 | acquisition_addition | announced | 2005-04-28 | 2005-04-28 | New Zealand | Forest Products — structural timber business | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | CHH completed acquisition of Tenon Limited's structural timber business for approx. NZ$165 million (US$120 million). No headcount disclosed. | |||
| 2005-03-31 | restructuring | completed | 202 | 2005-03-31 | Global | Printing Papers, Industrial Packaging, Consumer Packaging, Forest Products, Distribution, Corporate | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of 202 employees as part of organizational restructuring programs. Charge of $14 million before taxes. | ||
| 2005-03-31 | divestiture_reduction | completed | 500 | 2005-03-31 | 2005-05-02 | United States | Fine Papers | other f5-10q / Qwen3.6-27B-Q8_0 | Sale of Fine Papers business to Mohawk Paper Mills, Inc. closed May 2, 2005. Business employs approximately 500 people. | ||
| 2004-12-31 | restructuring | in_progress | 984 | Not specified | Corporate-wide (Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Specialty Businesses, Administrative Support Groups) | USD 74 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2004 organizational restructuring program; charges recorded in Q1 ($14M), Q2 ($42M) and Q3 ($18M). Severance charges related to 984 employees; as of 2004-12-31, 833 had been terminated and 151 retained. Program not stated as complete at year-end. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-09-30 | 2004-12-31 | Canada | Weldwood of Canada Limited (forest products) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to West Fraser completed in Q4 2004 for C$1.23 billion; a $323 million pre-tax loss ($711 million after taxes) was recorded as a discontinued operation. Headcount not disclosed; agreement entered in Q3 2004. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-06-30 | New Zealand / Australia | Carter Holt Harvey Tissue business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold to SCA in the second quarter of 2004; $268 million pre-tax gain ($90 million after taxes and minority interest). Exact closing date not disclosed; headcount not disclosed. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-07-31 | 2004-08-31 | Netherlands | Specialty Businesses and Other — European Distribution (Scaldia Papier B.V. and Recom B.V.) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold to Stora Enso for approximately $36 million cash, resulting in a $34 million pre-tax loss. Headcount not disclosed. | |||
| 2004-12-31 | divestiture_reduction | announced | 2004-12-31 | 2005-12-31 | United States / France | Printing Papers — Fine Papers business; Maresquel mill and Papeteries de France distribution | USD 56 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2004 commitment to sell in 2005; $56 million pre-tax write-down to fair value less costs to sell (asset impairment, not severance). Headcount not disclosed. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-07-01 | United States | Industrial and Consumer Packaging (Box USA Holdings, Inc.) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired for approximately $189 million cash plus a $15 million note and assumption of ~$197 million debt; Box USA operated 23 converting facilities. Employee headcount added not disclosed. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-07-02 | China | Carter Holt Harvey — premium panels / MDF and flooring (Plantation Timber Products) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CHH purchased an 85% interest for $134 million; $35 million of goodwill recorded and subsequently written off in 2004. Employee headcount added not disclosed. | ||||
| 2004-12-31 | other | announced | 2005-01 | United States | Labor relations — principal union (PACE) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: PACE announced merger with the United Steelworkers Union, subject to membership votes in April 2005; no headcount impact quantified. | ||||
| 2004-12-31 | restructuring | completed | 984 | 2004-01-01 | 2004-12-31 | Global | Corporate-wide organizational restructuring | USD 74 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges related to 984 employees. As of Dec 31, 2004, 833 terminated and 151 retained. Charge of $74 million before taxes. | |
| 2004-12-31 | plant_closure | completed | 178 | 2003-06-30 | 2004-12-31 | Canada | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closure of Rolark manufacturing facility in Toronto. Severance costs covering termination of 178 employees. Charge recorded in 2003 but part of ongoing rationalization. | |
| 2004-12-31 | plant_closure | completed | 115 | 2003-10-01 | 2004-12-31 | New Zealand | Carter Holt Harvey | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Tokoroa sawmill. Severance costs covering termination of 115 employees. | |
| 2004-12-31 | restructuring | completed | 229 | 2003-10-01 | 2004-12-31 | New Zealand | Carter Holt Harvey | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cost reduction initiative at Carter Holt Harvey. Severance covering termination of 229 employees. | |
| 2004-12-31 | restructuring | completed | 557 | 2003-10-01 | 2004-12-31 | Global | Administrative Support Groups | USD 23 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Second phase of Overhead Reduction Program. Severance costs covering termination of 557 employees. | |
| 2004-09-30 | restructuring | in_progress | 4,327 | 2003-07 | 2004-12-31 | United States and international operations | Printing Papers; Industrial and Consumer Packaging; Distribution; Specialty Businesses; Corporate | USD 135 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced July 2003 targeting annual overhead cost reduction by late 2004; $135M of severance and overhead costs recorded through Q3 2004. Severance charges in 2003-2004 relate to 4,327 employees; 3,547 terminated and 62 retained as of 2004-09-30. 2004 quarterly terminations: 202 (Q1), 431 (Q2), 351 (Q3). Q3 2004 severance of $17M of the $18M organizational restructuring charge; segment split of that charge: Printing Papers $5M, Industrial and Consumer Packaging $6M, Distribution $3M, Corporate $4M. Severance reserve balance $30M at 2004-09-30. | |
| 2004-09-30 | acquisition_addition | completed | 2,300 | 2004-07-01 | 2004-07-01 | United States | Industrial and Consumer Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Box USA Holdings, Inc. completed 2004-07-01; approximately 2,300 employees across 23 industrial packaging converting facilities. Purchase price approximately $189M cash plus $15M note; approximately $197M debt assumed. | ||
| 2004-09-30 | acquisition_addition | completed | 2004-07-02 | 2004-07-02 | China | Carter Holt Harvey — panels and flooring | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey acquired an 85% interest in Plantation Timber Products, a Chinese MDF and flooring manufacturer, for $134 million; headcount not disclosed. | |||
| 2004-09-30 | divestiture_reduction | announced | 2004-07 | 2004-12-31 | Canada | Weldwood of Canada, Ltd. (Printing Papers / Forest Products) | USD 385 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Weldwood to West Fraser for approximately C$1.26 billion (~US$950 million); $385M pre-tax ($795M after-tax) impairment recorded in Q3 2004. Closing subject to Canadian regulatory approval; on 2004-10-28 West Fraser noted Competition Bureau issues, so completion is not assured. Headcount not disclosed. | ||
| 2004-09-30 | divestiture_reduction | completed | 2004-05 | 2004-05 | New Zealand | Carter Holt Harvey Tissue business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of CHH Tissue business to SCA completed May 2004; gain of $268M pre-tax ($90M after taxes and minority interest). Headcount not disclosed. | |||
| 2004-09-30 | restructuring | in_progress | 351 | 2003-07-01 | Printing Papers, Industrial and Consumer Packaging, Distribution, Corporate | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2004 organizational restructuring program. $17M severance for 351 terminations, $1M other cash costs. | |||
| 2004-09-30 | acquisition_addition | completed | 2,300 | 2004-07-01 | United States | Industrial and Consumer Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Box USA Holdings, Inc. completed July 1, 2004. | |||
| 2004-09-30 | divestiture_reduction | completed | 2004-05-01 | Carter Holt Harvey | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Carter Holt Harvey Tissue business to SCA completed in May 2004. Headcount not explicitly disclosed. | |||||
| 2004-06-30 | restructuring | in_progress | 431 | 2004-06-30 | Multiple segments: Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Specialty Businesses, Corporate | USD 42 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded during Q2 2004; specific announcement date not disclosed. $42M pre-tax ($23M after taxes and minority interest) comprised $20M severance for 431 terminations plus $22M other cash costs. Segment charge split: Printing Papers $1M, Packaging $3M, Forest Products $1M, Distribution $2M, Specialty Businesses $11M, Corporate $24M. Part of the broader 2003/2004 overhead reduction program. | |||
| 2004-06-30 | restructuring | completed | 202 | 2004-03-31 | Multiple segments: Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Corporate | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2004 charge recorded during the three months ended 2004-03-31; $14M pre-tax ($9M after taxes) covering termination of 202 employees. Segment charge split: Printing Papers $1M, Packaging $5M, Forest Products $4M, Distribution $2M, Corporate $2M. | |||
| 2004-06-30 | restructuring | in_progress | 3,000 | 2003-07 | 2004-12-31 | United States | Salaried positions, corporate overhead | USD 117 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced July 2003 targets elimination of approximately 3,000 U.S. salaried positions by late 2004, some through attrition; $117M of severance and other costs recorded to date. Additional severance charges expected in Q3 2004 when further employees are notified. Cumulative severance rollforward across this program and related plans: 3,976 employees affected by charges in 2003-2004, of which 2,961 had been terminated as of 2004-06-30; quarterly terminations (202 in Q1 2004, 431 in Q2 2004) may be components of this program. | |
| 2004-06-30 | divestiture_reduction | completed | 2004-05-19 | 2004-05-19 | New Zealand | Carter Holt Harvey Tissue business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of CHH Tissue business to SCA completed 2004-05-19; headcount removed not disclosed. Gain of $268M pre-tax ($90M after taxes and minority interest) recorded in discontinued operations. | |||
| 2004-06-30 | acquisition_addition | announced | 2004-07-01 | 2004-07-01 | United States | Industrial and Consumer Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Box USA corrugated packaging company for approximately $400M including assumption and repayment of certain indebtedness; headcount added not disclosed. Results included in Packaging segment beginning Q3 2004. | |||
| 2004-06-30 | divestiture_reduction | announced | 2004-07-21 | Canada | Forest Products (Weldwood of Canada, Ltd.) | USD 780 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Weldwood to West Fraser Timber for approximately C$1.26 billion (about US$950M); expected to close in fall 2004. Anticipated after-tax loss of approximately $780M in Q3 2004 ($425M pre-tax loss, $355M tax provision). Headcount removed not disclosed; no impairment recorded at 2004-06-30. | |||
| 2004-06-30 | restructuring | in_progress | 431 | 2003-07-01 | 2004-12-31 | Global | Corporate, Specialty Businesses, Industrial and Consumer Packaging, Forest Products, Distribution, Printing Papers | USD 42 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of overhead reduction program announced July 2003 targeting late 2004 completion. Q2 2004 charge includes $20M severance for 431 employees and $22M other cash costs. | |
| 2004-06-30 | restructuring | in_progress | 202 | 2003-07-01 | 2004-12-31 | Global | Corporate, Distribution, Forest Products, Industrial and Consumer Packaging, Printing Papers | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of overhead reduction program announced July 2003. Q1 2004 charge covered termination of 202 employees. | |
| 2004-06-30 | restructuring | in_progress | 3,000 | 2003-07-01 | 2004-12-31 | United States | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Program targeting elimination of approximately 3,000 salaried positions in the US by late 2004, including some through normal attrition. Additional charges anticipated in Q3 2004. | ||
| 2004-03-31 | restructuring | in_progress | 3,343 | 2003 | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges recorded in 2003 related to 3,343 employees; 2,455 terminated as of March 31, 2004. Severance reserve balance $47M at quarter-end. | |||||
| 2004-03-31 | restructuring | in_progress | 3,000 | 2003-07 | 2004-12 | United States | Salaried positions (overhead) | USD 75 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program targeting elimination of approximately 3,000 U.S. salaried positions by late 2004, some through normal attrition; $75M severance recorded to date. Additional charges expected in Q2 and Q3 2004. | |
| 2004-03-31 | restructuring | completed | 202 | 2004-03-31 | 2004-03-31 | Printing Papers; Industrial and Consumer Packaging; Forest Products; Distribution; Corporate | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2004 organizational restructuring terminations. Pre-tax charge $14M ($9M after taxes). Charge by segment: Printing Papers $1M, Industrial and Consumer Packaging $5M, Forest Products $4M, Distribution $2M, Corporate $2M. May overlap with the July 2003 overhead reduction program. | ||
| 2004-03-31 | restructuring | in_progress | 202 | 2004-01-01 | Global | Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Corporate | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational restructuring programs covering termination of 202 employees. Charges allocated by segment: Printing Papers ($1M), Industrial and Consumer Packaging ($5M), Forest Products ($4M), Distribution ($2M), Corporate ($2M). | ||
| 2004-03-31 | restructuring | in_progress | 2003-07-01 | 2004-12-31 | United States | Corporate / Overhead | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program announced July 2003 targeting reduction in annual overhead costs by late 2004. Includes elimination of approx. 3,000 salaried positions in the US. $75M recorded to date for severance and other costs. Additional charges anticipated in Q2 and Q3 2004. | ||
| 2004-03-31 | restructuring | completed | 3,343 | 2003-01-01 | 2004-03-31 | Global | Various | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cumulative severance and other costs from 2003 restructuring plans. 3,343 employees affected in total; 2,455 terminated as of March 31, 2004. Remaining balance of reserves is $47 million. | ||
| 2003-12-31 | restructuring | in_progress | 3,343 | Global | Multiple segments | USD 236 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 3,343 employees related to severance charges in 2003; 1,756 terminated by year-end. Charge of $236M covers asset shutdowns and cost reduction actions. Includes Overhead Reduction Program announced July 2003 targeting approximately 3,000 salaried US positions by late 2004, and plant closures including Natchez, MS mill (completed July 15, 2003). | |||
| 2003-12-31 | restructuring | completed | 3,343 | 2003-01-01 | 2003-12-31 | Global | Various | USD 184 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges recorded in 2003 related to 3,343 employees. As of December 31, 2003, 1,756 employees had been terminated. Includes asset shutdowns, cost reduction actions, and overhead reduction programs. | |
| 2003-12-31 | restructuring | completed | 1,989 | 2002-01-01 | 2003-12-31 | Global | Various | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance charges recorded in 2002 related to 1,989 employees. As of December 31, 2003, 1,849 employees had been terminated. This action completed in the current fiscal year. | ||
| 2003-09-30 | restructuring | in_progress | 744 | 2003-07 | 2004-12 | United States | Administrative support groups (corporate overhead) | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initial phase of Overhead Reduction Program announced July 2003; $37M severance plus $1M other cash costs ($38M total charge). Program targets elimination of approximately 3,000 U.S. salaried positions by late 2004; further charges to be recorded as employees are notified. | |
| 2003-09-30 | plant_closure | completed | 141 | 2003-01 | 2003-07-15 | United States — Natchez, Mississippi | Specialty Businesses — Chemical Cellulose Pulp | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 component: $12M severance for 141 employees terminated in April 2003 plus $1M asset write-downs; other employees to be terminated upon closure. Mill ceased operations July 15, 2003. | |
| 2003-09-30 | plant_closure | completed | 447 | 2003-01 | 2003-07-15 | United States — Natchez, Mississippi | Specialty Businesses — Chemical Cellulose Pulp | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 component of the Natchez mill shutdown announced January 2003; severance charge for 447 employees terminated in connection with the July 15, 2003 shutdown. | |
| 2003-09-30 | plant_closure | completed | 20 | 2003-01 | 2003-07-15 | United States — Natchez, Mississippi | Specialty Businesses — Chemical Cellulose Pulp | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2003 component: $33M charge comprising $9M asset write-downs to salvage value, $1M severance for 20 employees, $20M environmental closure costs and $3M other cash costs. | |
| 2003-09-30 | restructuring | completed | 19 | Printing Papers | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 organizational restructuring: $2M severance for 19 employees plus $3M write-off of obsolete equipment; announcement date not disclosed. | ||||
| 2003-09-30 | restructuring | completed | 79 | United States — New Jersey | Industrial and Consumer Packaging — Consumer Packaging | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 rationalization at Clifton and Englewood plants plus Montvale office lease exit: $2M severance for 79 employees, $3M lease termination, $1M other; announcement date not disclosed. | |||
| 2003-09-30 | plant_closure | completed | 198 | United States — Louisiana, Oregon, Alabama, New Hampshire | Forest Products | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003: shutdowns of Springhill LA lumber, Slaughter Industries Distribution Center, temporary cessation at Tuscaloosa AL, and Madison NH mill closure; $12M plus $1M asset write-downs, $5M severance for 198 employees, $2M other exit costs; announcement date not disclosed. | |||
| 2003-09-30 | reduction_in_force | completed | 176 | United States | Distribution (xpedx) | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 severance covering termination of 176 employees to consolidate duplicative facilities; announcement date not disclosed. | |||
| 2003-09-30 | restructuring | completed | 31 | France | Industrial Packaging | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 reorganization of Creil and Mortagne locations into a single complex: $1M severance for 31 employees plus $1M other cash costs; announcement date not disclosed. | |||
| 2003-09-30 | plant_closure | completed | 51 | Finland — Valkeakoski | Specialty Businesses — Arizona Chemical | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 severance for 51 employees associated with plant closure; announcement date not disclosed. | |||
| 2003-09-30 | restructuring | completed | 130 | United States — Kaukauna, Wisconsin | Specialty Businesses — Industrial Papers | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003: converting operations restructuring, release products reorganization and division-wide productivity actions; $1M asset write-down plus $5M severance for 130 employees; announcement date not disclosed. | |||
| 2003-09-30 | restructuring | completed | 33 | New Zealand | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 severance for 33 employees under a headcount reduction initiative; announcement date not disclosed. | |||
| 2003-09-30 | other | completed | 2003-05 | New Zealand | Carter Holt Harvey — Kinleith mill | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Labor strike at the Kinleith mill settled in May 2003; caused approximately 130,000 tons of additional downtime in the 2003 second quarter. No employee counts disclosed. | ||||
| 2003-09-30 | restructuring | in_progress | 744 | 2003-07-01 | 2004-12-31 | United States | Administrative Support Groups | USD 38 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initial phase of Overhead Reduction Program targeting additional reduction in annual overhead costs by late 2004. Includes 744 terminations. | |
| 2003-09-30 | plant_closure | completed | 20 | 2003-01-01 | 2003-07-15 | Mississippi, United States | Specialty Businesses | USD 33 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Natchez mill. Charge includes $9M asset write-downs, $1M severance for 20 employees, $20M environmental closure costs, and $3M other cash costs. | |
| 2003-09-30 | restructuring | in_progress | 19 | 2003-04-01 | United States | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational restructuring initiative in Q2 2003. | ||
| 2003-09-30 | restructuring | in_progress | 79 | 2003-04-01 | New Jersey, United States | Consumer Packaging | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Rationalization plan at Clifton and Englewood plants and exit of Montvale office. Includes $2M severance for 79 employees, $3M lease termination, $1M other. | ||
| 2003-09-30 | plant_closure | in_progress | 198 | 2003-04-01 | Louisiana, Oregon, Alabama, United States | Forest Products | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Springhill lumber facility, Slaughter Distribution Center, and temporary cessation at Tuskalusa mill. Includes $12M asset write-downs, $5M severance for 198 employees. | ||
| 2003-09-30 | plant_closure | in_progress | 2003-04-01 | New Hampshire, United States | Forest Products | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of Madison lumber mill. Includes $1M asset write-down and $1M other cash costs. Employee count not specified. | |||
| 2003-09-30 | restructuring | in_progress | 176 | 2003-04-01 | United States | Distribution | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of duplicative facilities and reduction of operational expenses. | ||
| 2003-09-30 | restructuring | in_progress | 447 | 2003-04-01 | Mississippi, United States | Specialty Businesses | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance charge associated with Natchez mill shutdown. Additional charges recorded in Q3. | ||
| 2003-09-30 | restructuring | in_progress | 31 | 2003-01-01 | France | Industrial Packaging | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of Creil and Mortagne locations into single complex. Includes $1M severance for 31 employees. | ||
| 2003-09-30 | plant_closure | in_progress | 51 | 2003-01-01 | Finland | Specialty Businesses | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Valkeakoski plant closure by Arizona Chemical. | ||
| 2003-09-30 | plant_closure | in_progress | 141 | 2003-01-01 | 2003-07-15 | Mississippi, United States | Specialty Businesses | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Natchez dissolving pulp mill. Includes $1M asset write-down and $12M severance for 141 employees. | |
| 2003-09-30 | restructuring | in_progress | 130 | 2003-01-01 | Wisconsin, United States | Specialty Businesses | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring converting operations at Kaukauna facility and release products organization. Includes $1M asset write-down and $5M severance for 130 employees. | ||
| 2003-09-30 | restructuring | in_progress | 33 | 2003-01-01 | New Zealand | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Headcount reduction initiative. | ||
| 2003-06-30 | restructuring | in_progress | 19 | United States | Printing and Communications Papers | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 charge includes $3M write-down of obsolete equipment and $2M severance for 19 employees in organizational restructuring | |||
| 2003-06-30 | restructuring | in_progress | 79 | United States | Consumer Packaging | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 charge: rationalization at Clifton and Englewood NJ plants, lease termination at Montvale NJ, organizational restructuring at Bleached Board facilities; $2M severance, $3M lease termination, $1M other | |||
| 2003-06-30 | restructuring | in_progress | 198 | United States | Forest Products | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003: shutdowns at Springhill LA, Slaughter OR, Tuskalusa AL (198 employees combined); Madison NH closure (employee count not separately disclosed). Charge includes $13M asset write-downs and $7M severance | |||
| 2003-06-30 | restructuring | in_progress | 176 | United States | Distribution (xpedx) | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 severance for 176 employees to consolidate duplicative facilities and reduce ongoing operational expenses | |||
| 2003-06-30 | restructuring | in_progress | 447 | 2003-07-15 | United States | Specialty Businesses and Other | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 severance for 447 employees in connection with July 15, 2003 shutdown of Natchez MS mill; additional ~$30M shutdown charges expected in Q3 2003 | ||
| 2003-06-30 | restructuring | in_progress | 31 | France | Industrial Packaging | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003: reorganization of Creil and Mortagne locations into single complex; $1M severance for 31 employees and $1M other cash costs | |||
| 2003-06-30 | plant_closure | in_progress | 51 | Finland | Specialty Businesses and Other — Arizona Chemical | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 severance for 51 employees associated with Valkeakoski Finland plant closure | |||
| 2003-06-30 | restructuring | in_progress | 141 | 2003-01 | 2003-07-15 | United States | Specialty Businesses and Other — Chemical Cellulose | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003: shutdown of Natchez MS dissolving pulp mill announced January 2003; $1M asset write-down and $12M severance for 141 employees terminated in April 2003 | |
| 2003-06-30 | restructuring | in_progress | 130 | United States | Specialty Businesses and Other — Industrial Papers | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003: restructure converting operations at Kaukauna WI, modify release products organization, division-wide productivity actions; $1M asset write-down and $5M severance for 130 employees | |||
| 2003-06-30 | restructuring | in_progress | 33 | New Zealand | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2003 severance for 33 employees in headcount reduction initiative | |||
| 2003-06-30 | plant_closure | completed | 2003-01 | 2003-07-15 | United States | Specialty Businesses and Other — Chemical Cellulose | USD 30 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Natchez MS mill operations ceased July 15, 2003 (post-quarter). Estimated ~$30M additional shutdown charges for environmental and exit costs expected in Q3 2003. Associated severance captured in Q1 and Q2 restructuring records | ||
| 2003-06-30 | restructuring | announced | 2003-07 | Global | Corporate / Overhead | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2003 announcement targeting $500M annual overhead cost reduction vs. 2003 budgeted amounts; no employee count disclosed | ||||
| 2003-06-30 | other | completed | 2003-05 | New Zealand | Carter Holt Harvey — Kinleith mill | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Labor strike caused ~130,000 tons and ~45,000 tons of downtime in Q1 and Q2 2003 respectively; settlement reached late May 2003 and mill returned to full production | ||||
| 2003-06-30 | restructuring | in_progress | 19 | 2003-06-30 | United States | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs relating to 19 employees associated with an organizational restructuring initiative. | ||
| 2003-06-30 | restructuring | in_progress | 79 | 2003-06-30 | New Jersey, United States | Consumer Packaging | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of 79 employees at Clifton and Englewood plants and Montvale office realignment. | ||
| 2003-06-30 | plant_closure | in_progress | 198 | 2003-06-30 | Louisiana, Oregon, Alabama, United States | Forest Products | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Springhill lumber facility, Slaughter Industries Distribution Center, and temporary cessation at Tuskalusa lumber mill. | ||
| 2003-06-30 | plant_closure | in_progress | 2003-06-30 | New Hampshire, United States | Forest Products | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of Madison lumber mill; $1 million asset write-down and $1 million other cash costs. Employee count not specified. | |||
| 2003-06-30 | restructuring | in_progress | 176 | 2003-06-30 | United States | Distribution (xpedx) | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of 176 employees to consolidate duplicative facilities. | ||
| 2003-06-30 | plant_closure | in_progress | 447 | 2003-06-30 | 2003-07-15 | Mississippi, United States | Specialty Businesses (Chemical Cellulose) | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of 447 employees in connection with the July 15th shutdown of the Natchez mill. | |
| 2003-06-30 | restructuring | completed | 31 | 2003-03-31 | France | Industrial Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of Creil and Mortagne locations into a single complex; termination of 31 employees. | ||
| 2003-06-30 | plant_closure | in_progress | 51 | 2003-03-31 | Finland | Specialty Businesses (Arizona Chemical) | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs for 51 employees associated with the Valkeakoski plant closure. | ||
| 2003-06-30 | plant_closure | in_progress | 141 | 2003-03-31 | 2003-06-30 | Mississippi, United States | Specialty Businesses (Chemical Cellulose) | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Natchez dissolving pulp mill; termination of 141 employees in April and others upon closure. | |
| 2003-06-30 | restructuring | in_progress | 130 | 2003-03-31 | Wisconsin, United States | Specialty Businesses (Industrial Papers) | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring converting operations at Kaukauna facility and release products organization. | ||
| 2003-06-30 | restructuring | in_progress | 33 | 2003-03-31 | New Zealand | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs for 33 employees associated with a headcount reduction initiative. | ||
| 2003-06-30 | other | completed | 2003-05-31 | 2003-05-31 | New Zealand | Carter Holt Harvey | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Labor strike at Carter Holt Harvey's Kinleith mill resulted in downtime; settlement reached in late May. | |||
| 2003-03-31 | restructuring | in_progress | 31 | France | Industrial Packaging | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reorganization of Creil and Mortagne locations into a single complex; $1M severance for 31 employees plus $1M other cash costs. | |||
| 2003-03-31 | plant_closure | in_progress | 51 | Finland | Specialty Businesses and Other — Arizona Chemical | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charge for 51 employees associated with the Valkeakoski plant closure. | |||
| 2003-03-31 | plant_closure | in_progress | 141 | 2003-01 | 2003-06-30 | United States — Natchez, Mississippi | Specialty Businesses and Other — Chemical Cellulose | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dissolving pulp mill shutdown by mid-2003; Q1 charge includes $1M asset write-down and $12M severance for 141 employees terminated in April. Additional shutdown charges estimated at approximately $40M expected in Q2 2003. | |
| 2003-03-31 | restructuring | in_progress | 130 | United States — Kaukauna, Wisconsin | Specialty Businesses and Other — Industrial Papers | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring of converting operations, release products organization, and division-wide productivity actions; $1M asset write-down and $5M severance for 130 employees. | |||
| 2003-03-31 | restructuring | in_progress | 33 | New Zealand | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charge for 33 employees under a headcount reduction initiative. | |||
| 2003-03-31 | restructuring | in_progress | 1,989 | 2002-04-01 | Multiple | Multiple segments | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2002 restructuring program covering 1,989 employees; 1,436 terminated as of 2003-03-31. Severance balance of $61M at quarter-end after $43M cash charges in Q1 2003. | |||
| 2003-03-31 | other | in_progress | New Zealand | Carter Holt Harvey — Pulp and Paper | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Strike at the Kinleith mill negatively impacted Pulp and Paper results in Q1 2003; resolution expected to affect Q2 2003 results. No employee count disclosed. | |||||
| 2003-03-31 | restructuring | in_progress | 31 | 2003-03-31 | France | Industrial Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of Creil and Mortagne locations into a single complex. | ||
| 2003-03-31 | plant_closure | in_progress | 51 | 2003-03-31 | Finland | Specialty Businesses and Other | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Valkeakoski plant closure. | ||
| 2003-03-31 | plant_closure | in_progress | 141 | 2003-03-31 | 2003-06-30 | Mississippi, USA | Specialty Businesses and Other | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Natchez dissolving pulp mill shutdown by mid-2003. Terminations in April and upon closure. Additional charges estimated at $40 million in Q2 2003. | |
| 2003-03-31 | restructuring | in_progress | 130 | 2003-03-31 | Wisconsin, USA | Specialty Businesses and Other | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Kaukauna facility restructuring, release products organization modification, and productivity improvements. | ||
| 2003-03-31 | restructuring | in_progress | 33 | 2003-03-31 | New Zealand / Australia | Carter Holt Harvey | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Headcount reduction initiative. | ||
| 2003-03-31 | other | in_progress | 2003-03-31 | New Zealand | Carter Holt Harvey | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Strike at the Kinleith mill negatively impacted Pulp and Paper business. | ||||
| 2002-12-31 | restructuring | in_progress | 1,989 | 2002-04-01 | Global | Multiple segments | USD 199 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2002 asset shutdowns and cost reduction actions: $199M pre-tax charge ($130M after taxes/minority interest). Severance charges related to 1,989 employees; 575 terminated as of 2002-12-31. Charge includes $101M Q4, $19M Q3, $79M Q2. | ||
| 2002-12-31 | plant_closure | completed | 294 | 2002-04-01 | 2002-12-31 | United States | Printing Papers | USD 57 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Hudson River mill, Corinth NY shutdown. $39M asset write-down, $9M severance for 294 employees, $7M other cash costs. All employees terminated by 2002-12-31. Reduced coated paper capacity by ~100,000 tons. | |
| 2002-12-31 | plant_closure | completed | 327 | 2002-10-01 | United States | Consumer Packaging | USD 25 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Hopkinsville, KY Foodservice plant shutdown. $10M asset write-down, $3M severance for 327 employees, $1M other exit costs. Plant had revenues of $47M and operating losses of $8M in 2002. | ||
| 2002-12-31 | reduction_in_force | completed | 245 | 2002-10-01 | United States | Printing Papers — Coated and Supercalendered mills | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reduction in force at coated and supercalendered mills covering termination of 245 employees. | ||
| 2002-12-31 | restructuring | in_progress | 102 | 2002-04-01 | United States | Administrative Support Groups | USD 12 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Second phase of administrative realignment across business and staff support groups. Severance for 102 employees; only 4 terminated as of 2002-12-31. | ||
| 2002-12-31 | restructuring | in_progress | 260 | 2002-10-01 | New Zealand | Carter Holt Harvey — Kinleith mill | USD 11 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reduction in force at Kinleith facility as part of continuing cost structure improvement program. | ||
| 2002-12-31 | restructuring | in_progress | 113 | 2002-10-01 | United States | Consumer Packaging — Foodservice | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Foodservice business reorganization plan: $2M asset write-downs, $3M severance for 113 employees, $1M other cash costs. | ||
| 2002-12-31 | restructuring | in_progress | 68 | 2002-10-01 | United States | Distribution (xpedx) | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Facility consolidation and logistics/selling/admin expense reduction. $1M asset write-downs, $2M severance for 68 employees, $3M other cash costs. | ||
| 2002-12-31 | plant_closure | announced | 2003-01-15 | 2003-06-30 | United States | Specialty Businesses — Chemical Cellulose Pulp | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Natchez, Mississippi dissolving pulp mill closure announced January 2003; company to exit Chemical Cellulose Pulp business. Employee count not disclosed. | |||
| 2002-12-31 | other | completed | 2002-01-01 | 2002-12-31 | United States | Multiple mills and non-paper operations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Labor agreements ratified at six mills during 2002; 16 labor agreements settled in non-paper mill operations (6 paper converting, 3 building materials, 7 distribution). 24 non-paper mill agreements scheduled for 2003. | |||
| 2002-12-31 | restructuring | completed | 1,989 | 2002-01-01 | 2002-12-31 | Global | Various | USD 199 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Total severance charges for 1,989 employees across Q2, Q3, and Q4 2002. $199M pre-tax charge for asset shutdowns and cost reduction actions. | |
| 2002-12-31 | plant_closure | completed | 294 | 2002-04-01 | 2002-12-31 | United States | Printing Papers | USD 57 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Permanent shutdown of Hudson River mill in Corinth, NY. $39M asset write-down, $9M severance for 294 employees. | |
| 2002-12-31 | plant_closure | completed | 327 | 2002-10-01 | 2002-12-31 | United States | Consumer Packaging | USD 25 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Hopkinsville, KY Foodservice plant. $10M asset write-down, $3M severance for 327 employees. | |
| 2002-12-31 | reduction_in_force | completed | 245 | 2002-10-01 | 2002-12-31 | United States | Printing Papers | USD 18 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction-in-force plan in coated papers mills. $18M severance for 245 employees. | |
| 2002-12-31 | reduction_in_force | completed | 113 | 2002-10-01 | 2002-12-31 | United States | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Business reorganization plan for Foodservice group. $3M severance for 113 employees. | |
| 2002-12-31 | reduction_in_force | completed | 56 | 2002-10-01 | 2002-12-31 | United States | Industrial Packaging | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Consolidation of duplicative facilities at Las Palmas. $3M severance for 56 employees. | |
| 2002-12-31 | reduction_in_force | completed | 68 | 2002-10-01 | 2002-12-31 | United States | Distribution | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Consolidation of duplicative facilities in xpedx. $2M severance for 68 employees. | |
| 2002-12-31 | reduction_in_force | completed | 145 | 2002-04-01 | 2002-12-31 | United States | Distribution | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Consolidation of duplicative facilities in xpedx. $7M severance for 145 employees. | |
| 2002-12-31 | reduction_in_force | completed | 102 | 2002-04-01 | 2002-12-31 | United States | Corporate | USD 12 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Realignment of administrative functions. $12M severance for 102 employees. | |
| 2002-12-31 | reduction_in_force | completed | 52 | 2002-04-01 | 2002-12-31 | United States | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Streamline and realign administrative functions. $2M severance for 52 employees. | |
| 2002-12-31 | reduction_in_force | completed | 80 | 2002-10-01 | 2002-12-31 | Europe | Printing Papers | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring plan at Maresquel, France plant. $7M severance for 80 employees. | |
| 2002-12-31 | reduction_in_force | completed | 260 | 2002-10-01 | 2002-12-31 | New Zealand | Carter Holt Harvey | USD 11 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction in force at Kinleith facility. $11M severance for 260 employees. | |
| 2002-12-31 | reduction_in_force | completed | 102 | 2002-07-01 | 2002-12-31 | New Zealand | Carter Holt Harvey | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Job reductions at Kinleith mill and packaging operations in Australia. $7M severance for 102 employees (45 at Kinleith, 45 in Australia, 12 others implied or rounded). | |
| 2002-12-31 | reduction_in_force | completed | 43 | 2002-07-01 | 2002-12-31 | United States | Specialty Businesses | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cost reduction in Arizona Chemical U.S. operations. $3M severance for 43 employees. | |
| 2002-12-31 | reduction_in_force | completed | 11 | 2002-10-01 | 2002-12-31 | United States | Specialty Businesses | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Headcount reduction in Chemicals group. $3M severance for 11 employees. | |
| 2002-12-31 | reduction_in_force | completed | 46 | 2002-10-01 | 2002-12-31 | Europe | Specialty Businesses | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring at Polyrey facility in France. $2M severance for 46 employees. | |
| 2002-12-31 | plant_closure | announced | 2003-01-01 | 2003-06-30 | United States | Specialty Businesses | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Announced closure of Natchez, Mississippi dissolving pulp mill in mid-2003. | |||
| 2002-09-30 | restructuring | in_progress | 43 | 2002-09-30 | United States | Specialty Businesses and Other — Arizona Chemical U.S. operations | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Termination of 43 employees to reduce costs; disclosed only as third quarter 2002, date shown is quarter end. Part of $19M pre-tax special charge ($10M severance and other, $9M asset write-downs). | ||
| 2002-09-30 | restructuring | in_progress | 102 | 2002-09-30 | New Zealand | Carter Holt Harvey — Kinleith mill | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Job reductions at Kinleith mill, part of a continuing program to improve mill cost structure. Carter Holt Harvey severance and other charge of $7M covers both this action and the Australia packaging action; charge not allocated between them. | |||
| 2002-09-30 | restructuring | in_progress | 45 | 2002-09-30 | Australia | Carter Holt Harvey — packaging operations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Job reductions at Australian packaging operations. Carter Holt Harvey severance and other charge of $7M covers both this action and the Kinleith action; charge not allocated between them. | |||
| 2002-09-30 | plant_closure | completed | 294 | 2002-06-30 | 2002-12-31 | United States | Printing Papers — Hudson River, New York mill | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mill shutdown approved in Q2 2002 because specialty products were not competitive; mill closed November 2002 and assets marketed for sale. Charge shown is severance only; also $39M asset write-down to ~$5M realizable value and $7M other cash costs. Disclosed only as second quarter 2002, date shown is quarter end. | |
| 2002-09-30 | restructuring | in_progress | 52 | 2002-06-30 | United States | Printing Papers — administrative functions | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Terminations tied to a plan to streamline and realign administrative functions at several locations. Disclosed only as second quarter 2002, date shown is quarter end. | ||
| 2002-09-30 | restructuring | in_progress | 145 | 2002-06-30 | United States | Distribution (xpedx) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Terminations as part of a plan to reduce operating and selling costs. Disclosed only as second quarter 2002, date shown is quarter end. | ||
| 2002-09-30 | restructuring | in_progress | 102 | 2002-06-30 | United States | Administrative Support Groups | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second phase of a cost reduction program initiated in Q2 2001 to realign administrative functions across business and staff support groups. Disclosed only as second quarter 2002, date shown is quarter end. | ||
| 2002-09-30 | restructuring | in_progress | 43 | 2002-07-01 | United States | Specialty Businesses and Other (Arizona Chemical) | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of employees to reduce costs. | ||
| 2002-09-30 | restructuring | in_progress | 102 | 2002-07-01 | New Zealand | Carter Holt Harvey (Kinleith mill) | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance for job reductions at Kinleith mill. | ||
| 2002-09-30 | restructuring | in_progress | 45 | 2002-07-01 | Australia | Carter Holt Harvey (Packaging operations) | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance for job reductions at packaging operations. Charge combined with NZ mill in footnote table. | ||
| 2002-09-30 | restructuring | in_progress | 294 | 2002-04-01 | 2002-12-31 | United States (New York) | Printing Papers (Hudson River mill) | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill. Mill closed in November 2002. | |
| 2002-09-30 | restructuring | in_progress | 52 | 2002-04-01 | United States | Printing Papers (Administrative) | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination in conjunction with plan to streamline administrative functions. | ||
| 2002-09-30 | restructuring | in_progress | 145 | 2002-04-01 | United States | Distribution (xpedx) | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination to reduce operating and selling costs. | ||
| 2002-09-30 | restructuring | in_progress | 102 | 2002-04-01 | United States | Administrative Support Groups | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Second phase of cost reduction program to realign administrative functions. | ||
| 2002-06-30 | plant_closure | in_progress | 294 | 2002-12-31 | United States (Hudson River, New York) | Printing Papers | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mill shutdown approved in Q2 2002; $9M severance for 294 employees plus $7M other cash costs; mill assets being marketed for sale. Part of the $79M Q2 2002 special charge ($42M asset write-downs, $37M severance and other). | ||
| 2002-06-30 | restructuring | in_progress | 52 | United States | Printing Papers (administrative functions) | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge related to terminating 52 employees as part of streamlining and realigning administrative functions at several locations. | |||
| 2002-06-30 | restructuring | in_progress | 145 | United States | Distribution (xpedx) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance for 145 employees under plan to consolidate duplicate facilities and eliminate excess internal capacity. | |||
| 2002-06-30 | restructuring | in_progress | 102 | United States | Administrative Support Groups (corporate) | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second phase of cost reduction program realigning administrative functions across business and staff support groups; terminated 102 employees. | |||
| 2002-06-30 | restructuring | in_progress | United States | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First phase of plan to consolidate duplicate facilities and eliminate excess internal capacity; $3M asset write-down to salvage value. No employee count disclosed. | ||||
| 2002-06-30 | restructuring | in_progress | 1,178 | United States | Multiple segments | USD 49 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First-quarter 2002 cash charges under the 2001 restructuring plans covering 1,178 employees; roll-forward balance at 2002-06-30 was $161M for 458 employees. | |||
| 2002-06-30 | restructuring | in_progress | 756 | United States | Multiple segments | USD 41 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second-quarter 2002 cash charges under the 2001 restructuring plans (756 employees, $41M). Cash-charge count differs from the 593 employees in the newly approved Q2 2002 actions because it also reflects payments against prior accruals; a $3M reserve reversal covered 314 employees. | |||
| 2002-06-30 | restructuring | in_progress | 58 | United States | Multiple segments (2000 restructuring plan) | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First-quarter 2002 cash payments under the 2000 restructuring plan covering 58 employees; $45M remained at 2002-06-30. | |||
| 2002-06-30 | restructuring | in_progress | 270 | United States | Multiple segments (2000 restructuring plan) | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second-quarter 2002 cash payments under the 2000 restructuring plan covering 270 employees; $45M remained at 2002-06-30. | |||
| 2002-06-30 | restructuring | in_progress | 294 | 2002-06-30 | New York, USA | Printing Papers | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill; $9M severance for 294 employees. | ||
| 2002-06-30 | restructuring | in_progress | 52 | 2002-06-30 | USA | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining administrative functions; $2M charge for 52 employees. | ||
| 2002-06-30 | restructuring | in_progress | 145 | 2002-06-30 | USA | Distribution | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of duplicate facilities; $7M severance for 145 employees. | ||
| 2002-06-30 | restructuring | in_progress | 102 | 2002-06-30 | USA | Administrative Support Groups | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Realignment of administrative functions; $12M severance for 102 employees. | ||
| 2002-03-31 | restructuring | in_progress | 1,178 | Global | Multiple segments — asset shutdowns of excess internal capacity and cost reduction actions | USD 49 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash charges during Q1 2002 under the 2001 restructuring plan; severance and other costs roll-forward shows 1,178 employees affected. An additional $3M reserve reversal (3 employees) also recorded in Q1 2002. Balance at March 31, 2002: 1,528 employees remaining under the plan. | |||
| 2002-03-31 | restructuring | in_progress | 58 | Global | Multiple segments — 2000 restructuring plan (asset shutdowns and cost reduction) | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash payments during Q1 2002 under the 2000 restructuring plan; 58 employees affected. Remaining balance at March 31, 2002 was $58 million. | |||
| 2002-03-31 | divestiture_reduction | announced | 2002-04-01 | North America | Forest Products — Oriented Strand Board facilities | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold Oriented Strand Board facilities to Nexfor Inc. for $250 million on April 1, 2002. No headcount associated with the divestiture disclosed. | ||||
| 2002-03-31 | divestiture_reduction | announced | 2002-05-01 | North America | Other Businesses — Decorative Products Division | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Decorative Products Division to an affiliate of Kohlberg & Company announced May 1, 2002; subject to due diligence, Board and regulatory approvals. No headcount disclosed. | ||||
| 2002-03-31 | restructuring | in_progress | 1,178 | USD 49 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash charges for severance and other costs related to 2001 restructuring plans. | |||||
| 2002-03-31 | restructuring | in_progress | 58 | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash payments relating to 2000 restructuring plans. | |||||
| 2001-12-31 | plant_closure | in_progress | 208 | 2001-06 | United States | Printing Papers | USD 19 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Hudson River mill No. 3 paper machine in Corinth, NY; 207 of 208 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | completed | 82 | 2001-06 | United States | Printing Papers | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Streamlining and realignment of administrative functions at several locations; all 82 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | in_progress | 363 | 2001-06 | United States | Consumer Packaging | USD 179 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Moss Point, Mississippi mill shutdown; 360 of 363 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | in_progress | 327 | 2001-06 | United States | Consumer Packaging | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Clinton, Iowa facility shutdown; 302 of 327 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | in_progress | 402 | 2001-06 | United States | Consumer Packaging | USD 24 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reduce excess internal capacity and streamline administrative functions; 390 of 402 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | completed | 290 | 2001-06 | United States | Industrial Packaging | USD 73 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Savannah, Georgia mill machines No. 2, 4, and 6 shutdown; all 290 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | completed | 146 | 2001-06 | United States | Industrial Packaging | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Streamline and realign administrative functions; all 146 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | in_progress | 123 | 2001-06 | United States | Industrial Papers | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reduce excess internal capacity and streamline administrative functions; 105 of 123 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | completed | 130 | 2001-06 | United States | Forest Products | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reorganization of regional operating structure and streamlining of administrative functions; all 130 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | in_progress | 394 | 2001-06 | United States | Distribution | USD 25 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | xpedx consolidate duplicate facilities and eliminate excess internal capacity; 291 of 394 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | completed | 2001-06 | New Zealand | Carter Holt Harvey | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mataura mill permanent shutdown; asset write-down only, no 2001 employee count disclosed | |||
| 2001-12-31 | restructuring | in_progress | 985 | 2001-06 | United States | Corporate | USD 75 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cost reduction program to realign administrative functions across all business and staff support groups; 788 of 985 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | in_progress | 797 | 2001-09 | United States | Printing Papers | USD 135 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Erie, Pennsylvania mill shutdown due to excess capacity and non-competitive costs; 183 of 797 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | in_progress | 300 | 2001-09 | United States | Consumer Packaging | USD 116 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit Aseptic Packaging business; assets written down to estimated realizable value; 105 of 300 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | plant_closure | in_progress | 79 | 2001-09 | United States | Distribution | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nationwide Kansas City, Missouri distribution center shutdown; 4 of 79 employees terminated as of Dec 31, 2001 | ||
| 2001-12-31 | restructuring | in_progress | 108 | 2001-12 | United States | Printing Papers | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Riegelwood, NC mill reorganization ($10M) and additional Erie, PA shutdown severance ($8M); termination count not separately disclosed | ||
| 2001-12-31 | restructuring | in_progress | 593 | 2001-12 | United States | Consumer Packaging | USD 50 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reduce excess internal capacity and improve profitability across domestic converting business; termination count not separately disclosed | ||
| 2001-12-31 | plant_closure | announced | 102 | 2001-12 | United States | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Oswego, New York containerboard mill shutdown; charge recorded in Q4 2001; MD&A states announced January 2002 | ||
| 2001-12-31 | plant_closure | in_progress | 150 | 2001-12 | United States | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Second phase of Savannah, Georgia mill rationalization involving shutdown of boilers and washers; termination count not separately disclosed | ||
| 2001-12-31 | plant_closure | announced | 185 | 2001-12 | United States | Forest Products | USD 21 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Morton, Mississippi lumber mill shutdown; charge recorded in Q4 2001; MD&A states announced January 2002 | ||
| 2001-12-31 | restructuring | in_progress | 325 | 2001-12 | United States | Distribution | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | xpedx consolidate duplicate facilities and eliminate excess internal capacity; termination count not separately disclosed | ||
| 2001-12-31 | restructuring | completed | 6,089 | 2001-01-01 | 2001-12-31 | Global | Various | USD 892 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Total severance and other charges for 2001 restructuring plans. Includes asset shutdowns and cost reduction actions across Printing Papers, Packaging, Distribution, Forest Products, and Corporate. | |
| 2001-12-31 | plant_closure | completed | 797 | 2001-09-01 | 2001-12-31 | United States | Printing Papers | USD 116 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Erie, Pennsylvania mill. $92M asset write-down, $24M severance, $19M other. | |
| 2001-12-31 | plant_closure | completed | 363 | 2001-06-01 | 2001-12-31 | United States | Consumer Packaging | USD 179 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Moss Point, Mississippi mill. $138M asset write-down, $21M severance, $20M other. | |
| 2001-12-31 | plant_closure | completed | 327 | 2001-06-01 | 2001-12-31 | United States | Consumer Packaging | USD 17 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Clinton, Iowa facility. $7M asset write-down, $7M severance, $3M other. | |
| 2001-12-31 | plant_closure | completed | 290 | 2001-06-01 | 2001-12-31 | United States | Industrial Packaging | USD 73 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Savannah, Georgia mill No. 2, No. 4 and No. 6 paper machines. $62M asset write-down, $11M severance. | |
| 2001-12-31 | plant_closure | completed | 185 | 2001-12-01 | 2001-12-31 | United States | Forest Products | USD 21 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Morton, Mississippi lumber mill. $12M asset write-down, $3M severance, $6M other. | |
| 2001-12-31 | restructuring | completed | 985 | 2001-06-01 | 2001-12-31 | Global | Corporate | USD 75 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cost reduction program to realign administrative functions across all business and staff support groups. | |
| 2001-12-31 | restructuring | completed | 394 | 2001-06-01 | 2001-12-31 | United States | Distribution | USD 25 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | xpedx plan to consolidate duplicate facilities. $4M asset write-down, $14M severance, $7M other. | |
| 2001-12-31 | restructuring | completed | 325 | 2001-12-01 | 2001-12-31 | United States | Distribution | USD 16 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | xpedx plan to consolidate duplicate facilities. $2M asset write-down, $11M severance, $3M other. | |
| 2001-12-31 | restructuring | completed | 300 | 2001-09-01 | 2001-12-31 | Global | Consumer Packaging | USD 116 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Exit from Aseptic Packaging business. $89M asset write-down, $15M severance, $12M other. | |
| 2001-12-31 | restructuring | completed | 208 | 2001-06-01 | 2001-12-31 | United States | Printing Papers | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill No. 3 paper machine. $9M asset write-down, $10M severance. | |
| 2001-12-31 | restructuring | completed | 150 | 2001-12-01 | 2001-12-31 | United States | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reconfiguration of Savannah, Georgia mill. $14M asset write-down, $11M severance, $1M other. | |
| 2001-12-31 | restructuring | completed | 146 | 2001-06-01 | 2001-12-31 | United States | Industrial Packaging | USD 9 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Streamline and realign administrative functions. | |
| 2001-12-31 | restructuring | completed | 130 | 2001-06-01 | 2001-12-31 | United States | Forest Products | USD 13 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reorganization of regional operating structure. $1M asset write-down, $9M severance, $3M other. | |
| 2001-12-31 | restructuring | completed | 123 | 2001-06-01 | 2001-12-31 | United States | Other Businesses | USD 8 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Industrial Papers capacity reduction. $3M asset write-down, $5M severance. | |
| 2001-12-31 | restructuring | completed | 108 | 2001-12-01 | 2001-12-31 | United States | Printing Papers | USD 18 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reorganization of Riegelwood, NC mill and additional severance for Erie, PA shutdown. | |
| 2001-12-31 | restructuring | completed | 102 | 2001-12-01 | 2001-12-31 | United States | Industrial Packaging | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Oswego, New York containerboard mill. $17M asset write-down, $7M severance, $2M other. | |
| 2001-12-31 | restructuring | completed | 82 | 2001-06-01 | 2001-12-31 | United States | Printing Papers | USD 13 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Streamline and realign administrative functions. $6M severance, $7M other. | |
| 2001-12-31 | restructuring | completed | 79 | 2001-09-01 | 2001-12-31 | United States | Distribution | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Nationwide Kansas City, MO distribution center. $2M asset write-down, $2M severance, $1M other. | |
| 2001-12-31 | restructuring | completed | 593 | 2001-12-01 | 2001-12-31 | United States | Consumer Packaging | USD 50 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduce excess internal capacity in domestic converting business. $29M asset write-down, $12M severance, $9M other. | |
| 2001-12-31 | restructuring | completed | 402 | 2001-06-01 | 2001-12-31 | United States | Consumer Packaging | USD 24 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduce excess internal capacity and streamline administrative functions. $6M asset write-down, $15M severance, $3M other. | |
| 2001-09-30 | plant_closure | in_progress | 797 | United States — Erie, Pennsylvania | Printing Papers | USD 135 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent mill shutdown due to excess pulp/paper capacity and non-competitive costs. Charge comprises $92M asset write-down to salvage value, $24M severance for 797 employees, and $19M other cash costs. | |||
| 2001-09-30 | plant_closure | in_progress | 300 | United States | Consumer Packaging — Aseptic packaging | USD 116 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to exit the Aseptic packaging business via permanent shutdown or sale of facilities. Charge comprises $89M asset write-down to realizable value, $15M severance for 300 employees, and $12M other cash costs. | |||
| 2001-09-30 | plant_closure | in_progress | 79 | United States — Kansas City, Missouri | Distribution (xpedx) | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of Nationwide distribution center to eliminate excess internal capacity. Charge comprises $2M asset write-down, $2M severance for 79 employees, and $1M other cash costs. | |||
| 2001-09-30 | restructuring | in_progress | 797 | 2001-09-30 | Erie, Pennsylvania | Printing Papers | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Erie mill due to excess capacity and non-competitive costs. Charge includes $92M asset write-down and $19M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 300 | 2001-09-30 | Various | Consumer Packaging | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Exit from Aseptic packaging business. Includes permanent shutdown or sale of facilities. Charge includes $89M asset write-down and $12M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 79 | 2001-09-30 | Kansas City, Missouri | Distribution | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Nationwide Kansas City distribution center. Charge includes $2M asset write-down and $1M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 208 | 2001-06-30 | Corinth, New York | Printing Papers | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Hudson River mill No. 3 paper machine. Charge includes $9M asset write-down. | ||
| 2001-09-30 | restructuring | in_progress | 82 | 2001-06-30 | Various | Printing Papers | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining and realigning administrative functions. Charge includes $7M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 363 | 2001-06-30 | Moss Point, Mississippi | Consumer Packaging | USD 21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Moss Point mill. Charge includes $138M asset write-down and $20M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 327 | 2001-06-30 | Clinton, Iowa | Consumer Packaging | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Clinton facility. Charge includes $7M asset write-down and $3M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 402 | 2001-06-30 | Various | Consumer Packaging | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction of excess internal capacity and streamlining administrative functions. Charge includes $6M asset write-down and $3M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 290 | 2001-06-30 | Savannah, Georgia | Industrial Packaging | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Savannah mill No. 2, No. 4 and No. 6 paper machines. Charge includes $62M asset write-down. | ||
| 2001-09-30 | restructuring | in_progress | 146 | 2001-06-30 | Various | Industrial Packaging | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining and realigning administrative functions. | ||
| 2001-09-30 | restructuring | in_progress | 123 | 2001-06-30 | Various | Industrial Papers | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction of excess internal capacity and streamlining administrative functions. Charge includes $3M asset write-down. | ||
| 2001-09-30 | restructuring | in_progress | 100 | 2001-06-30 | Various | Forest Products | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of regional operating structure and streamlining administrative functions. Charge includes $1M asset write-down and $3M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 394 | 2001-06-30 | Various | Distribution | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of duplicate facilities and elimination of excess internal capacity. Charge includes $4M asset write-down and $7M other costs. | ||
| 2001-09-30 | restructuring | in_progress | 2001-06-30 | Mataura | Carter Holt Harvey | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Mataura mill. Charge of $10M to write down assets to fair value of zero. Employee count not specified. | ||||
| 2001-09-30 | restructuring | in_progress | 985 | 2001-06-30 | Various | Administrative Support Groups | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cost reduction program to realign administrative functions across all business and staff support groups. | ||
| 2001-06-30 | plant_closure | in_progress | 290 | 2001-06-30 | United States (New York) | Printing Papers | USD 32 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Indefinite shutdown of Hudson River mill No. 3 machine (208 employees) plus administrative realignment (82 employees). Includes $9M asset write-down and $23M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2001. | ||
| 2001-06-30 | plant_closure | in_progress | 1,092 | 2001-06-30 | United States (Mississippi, Iowa) | Consumer Packaging | USD 220 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Moss Point mill shutdown (363 employees), Clinton facility shutdown announced (327 employees), plus capacity reduction and admin streamlining (402 employees). Includes $151M asset write-downs and $69M severance/other. Filer states action taken in June 2001. | ||
| 2001-06-30 | plant_closure | in_progress | 436 | 2001-06-30 | United States (Georgia) | Industrial Packaging | USD 82 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Indefinite shutdown of Savannah mill No. 2, 4 and 6 machines (290 employees) plus administrative realignment (146 employees). Includes $62M asset write-downs and $20M severance/other. | ||
| 2001-06-30 | restructuring | in_progress | 123 | 2001-06-30 | United States | Industrial Papers | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Capacity reduction and administrative streamlining plan. Includes $3M asset write-downs and $5M severance. | ||
| 2001-06-30 | restructuring | in_progress | 100 | 2001-06-30 | United States | Forest Products | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reorganization of regional operating structure and administrative streamlining. Includes $1M asset write-downs and $12M severance/other. | ||
| 2001-06-30 | restructuring | in_progress | 394 | 2001-06-30 | United States | Distribution (xpedx) | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidation of duplicate facilities and elimination of excess internal capacity. Includes $4M asset write-downs and $21M severance/other. | ||
| 2001-06-30 | plant_closure | in_progress | 2001-06-30 | New Zealand | Carter Holt Harvey | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of Mataura mill, previously idled. Assets written down to zero fair value. No employee count disclosed. | |||
| 2001-06-30 | restructuring | in_progress | 985 | 2001-06-30 | Global | Administrative Support Groups | USD 75 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cost reduction program realigning administrative functions across all business and staff support groups. Severance charge only, no asset write-down. | ||
| 2001-06-30 | divestiture_reduction | completed | 2001-08-01 | 2001-08-31 | United States | Flexible Packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Flexible Packaging business to Exo-Tech Packaging LLC (Sterling Group). No headcount disclosed. Filer states August 2001 without specific date. | |||
| 2001-06-30 | divestiture_reduction | completed | 2001-07-01 | 2001-07-31 | United States (New York) | Curtis/Palmer hydroelectric generating project | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of hydroelectric project to TransCanada Pipelines Limited. No headcount disclosed. Filer states July 2001 without specific date. | |||
| 2001-06-30 | restructuring | in_progress | 208 | 2001-06-30 | United States | Printing Papers | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination of employees due to shutdown of Hudson River mill No. 3 paper machine. | ||
| 2001-06-30 | restructuring | in_progress | 82 | 2001-06-30 | United States | Printing Papers | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining and realigning administrative functions. | ||
| 2001-06-30 | plant_closure | in_progress | 363 | 2001-06-30 | United States | Consumer Packaging | USD 21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Moss Point, Mississippi mill. | ||
| 2001-06-30 | plant_closure | in_progress | 327 | 2001-06-30 | United States | Consumer Packaging | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Clinton, Iowa facility. | ||
| 2001-06-30 | restructuring | in_progress | 402 | 2001-06-30 | United States | Consumer Packaging | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce excess internal capacity and streamline administrative functions. | ||
| 2001-06-30 | plant_closure | in_progress | 290 | 2001-06-30 | United States | Industrial Packaging | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Indefinite shutdown of Savannah, Georgia mill No. 2, No. 4 and No. 6 paper machines. | ||
| 2001-06-30 | restructuring | in_progress | 146 | 2001-06-30 | United States | Industrial Packaging | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining and realigning administrative functions. | ||
| 2001-06-30 | restructuring | in_progress | 123 | 2001-06-30 | United States | Industrial Papers | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce excess capacity and streamline administrative functions. | ||
| 2001-06-30 | restructuring | in_progress | 100 | 2001-06-30 | United States | Forest Products | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization of regional operating structure and streamlining of administrative functions. | ||
| 2001-06-30 | restructuring | in_progress | 394 | 2001-06-30 | United States | Distribution | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of duplicate facilities and elimination of excess internal capacity by xpedx. | ||
| 2001-06-30 | plant_closure | in_progress | 2001-06-30 | New Zealand | Carter Holt Harvey | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent shutdown of Mataura mill; employee count not specified, only asset write-down of $10 million disclosed. | ||||
| 2001-06-30 | restructuring | in_progress | 985 | 2001-06-30 | Global | Administrative Support Groups | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cost reduction program to realign administrative functions across all business and staff support groups. | ||
| 2001-03-31 | restructuring | in_progress | 1,744 | Global | Multiple segments — asset shutdowns and cost reduction | USD 86 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash charges in Q1 2001 for 1,744 employees; severance balance at 2001-03-31 covers 1,508 employees. Part of broader $824M pre-tax program from last three quarters of 2000. | |||
| 2001-03-31 | plant_closure | announced | 375 | 2001-04-26 | 2001-06-30 | United States — Moss Point, Mississippi | Printing Papers — Bleached Board facility | USD 200 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned indefinite closure of one-paper-machine mill; pre-tax charge of approximately $200M expected in Q2 2001, covering this closure and the Flexible Packaging sale. | |
| 2001-03-31 | divestiture_reduction | announced | 2001-05-09 | Global | Industrial and Consumer Packaging — Flexible Packaging division | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Flexible Packaging division announced 2001-05-09; headcount impact not disclosed. Combined pre-tax charge with Moss Point closure estimated at ~$200M in Q2 2001. | ||||
| 2001-03-31 | acquisition_addition | completed | 2000-06-20 | 2000-06-20 | United States | Printing Papers, Packaging, Forest Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Champion International acquisition completed 2000-06-20; headcount added not disclosed in this filing. | |||
| 2001-03-31 | divestiture_reduction | completed | United States — Washington State | Forest Products — forestlands | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of ~265,000 acres of forestlands for $500M proceeds in March 2001; associated headcount not disclosed. | |||||
| 2001-03-31 | divestiture_reduction | completed | United States | Other Businesses — oil and gas properties | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Conveyance of oil and gas properties to Pure Resources in January 2001, valued ~$260M; headcount impact not disclosed. | |||||
| 2001-03-31 | divestiture_reduction | completed | Europe — Germany | Other Businesses — Fine Papers (Zanders Feinpapiere AG) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Zanders Feinpapiere AG interest to Metsa Serla for ~$120M in January 2001; headcount impact not disclosed. | |||||
| 2001-03-31 | restructuring | in_progress | 1,744 | 2000-10-01 | USD 86 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash charges for severance and other costs related to asset shutdowns and cost reduction actions initiated in late 2000. 1,744 employees affected in Q1 2001. | ||||
| 2001-03-31 | plant_closure | announced | 375 | 2001-04-26 | 2001-06-30 | Moss Point, Mississippi | Bleached Board | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Planned indefinite closure of Bleached Board facility. Part of a broader action expected to require a pre-tax charge of approximately $200 million in Q2 2001. | ||
| 2001-03-31 | divestiture_reduction | announced | 2001-05-09 | Flexible Packaging | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement entered to sell Flexible Packaging division. Employee count not specified. | |||||
| 2000-12-31 | plant_closure | in_progress | 760 | 2000-10-18 | United States | Printing Papers | USD 31 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Indefinite closure of Mobile, Alabama mill; assets written down to salvage value | ||
| 2000-12-31 | plant_closure | in_progress | 589 | 2000-10-18 | United States | Printing Papers | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent closure of Lock Haven, Pennsylvania mill; assets written down to salvage value | ||
| 2000-12-31 | plant_closure | in_progress | 239 | 2000-10-18 | Jamaica; United States | Industrial and Consumer Packaging | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shutdowns of beverage packaging plant in Jamaica and packaging facility in Cincinnati, Ohio | ||
| 2000-12-31 | plant_closure | in_progress | 613 | 2000-10-18 | United States | Industrial and Consumer Packaging | USD 24 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of Camden, Arkansas mill due to declining kraft paper market and excess capacity | ||
| 2000-12-31 | plant_closure | in_progress | 83 | 2000-10-18 | Italy | Industrial and Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shutdown of Pedemonte, Italy container plant | ||
| 2000-12-31 | plant_closure | in_progress | 61 | 2000-10-18 | 2001-12-31 | United States | Chemicals and Petroleum | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Partial closure of Oakdale, Louisiana plant; remainder to close by end of 2001 | |
| 2000-12-31 | plant_closure | in_progress | 264 | 2000-10-18 | United States | Forest Products | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shutdown of Washington, Georgia lumber mill due to unfavorable market conditions | ||
| 2000-12-31 | restructuring | in_progress | 433 | 2000-10-18 | United States | Distribution | USD 22 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | xpedx restructuring to consolidate duplicate facilities and eliminate excess capacity | ||
| 2000-12-31 | restructuring | in_progress | 145 | 2000-10-18 | New Zealand; Australia | Carter Holt Harvey | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cost reduction actions primarily in tissue and packaging businesses | ||
| 2000-12-31 | plant_closure | completed | 119 | 2000-06-30 | 2000-08-31 | United States | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of Millers Falls, Massachusetts mill in August 2000; all employees terminated by year-end | |
| 2000-12-31 | reduction_in_force | in_progress | 108 | 2000-06-30 | United States | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance for 108 salaried positions at Franklin, Virginia mill; 103 terminated by year-end | ||
| 2000-12-31 | plant_closure | in_progress | 126 | 2000-06-30 | 2000-06-30 | United States | Industrial and Consumer Packaging | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of Richmond, Virginia facility in June 2000; 125 of 126 employees terminated by year-end | |
| 2000-12-31 | plant_closure | in_progress | 187 | 2000-06-30 | United States | Industrial and Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Permanent idling of lithographic department at Clinton, Iowa facility; 151 of 187 terminated by year-end | ||
| 2000-12-31 | reduction_in_force | completed | 17 | 2000-06-30 | United States | Industrial and Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance to streamline Consumer Packaging business; all employees terminated by year-end | ||
| 2000-12-31 | plant_closure | in_progress | 120 | 2000-06-30 | 2000-12-31 | United States | Industrial and Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of Knoxville, Tennessee converting facility in December 2000; 106 of 120 terminated by year-end | |
| 2000-12-31 | plant_closure | in_progress | 221 | 2000-06-30 | United States | Industrial and Consumer Packaging | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shutdown of Tupelo, Mississippi sheet plant; 212 of 221 terminated by year-end | ||
| 2000-12-31 | plant_closure | completed | 158 | 2000-06-30 | New Zealand | Carter Holt Harvey | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Indefinite shutdown of Mataura paper mill; all employees terminated by year-end | ||
| 2000-12-31 | restructuring | completed | 275 | 1999-04-30 | 2000-09-30 | United States | Corporate | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger integration benefits program completed Q3 2000; 275 employees terminated in 2000 (cumulative program total: 1,062) | ||
| 2000-12-31 | acquisition_addition | completed | 2000-06-20 | 2000-06-20 | United States | Multiple segments | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Champion International acquisition completed for approximately $5 billion cash and 68.7 million shares; headcount not disclosed | |||
| 2000-12-31 | acquisition_addition | completed | 2000-03-31 | 2000-03-31 | United States | Industrial and Consumer Packaging | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging acquisition for approximately $640 million cash plus $280 million assumed debt; headcount not disclosed | |||
| 2000-12-31 | restructuring | completed | 1,062 | 1999-04-30 | 2000-12-31 | Global | Union Camp Merger Integration | USD 148 (millions) | Item 1. Business - Employees f5-10k / Qwen3.6-27B-Q8_0 | Completed in 2000. 1,062 employees of the combined company eliminated. Charge recorded in 1999. | |
| 2000-12-31 | restructuring | completed | 540 | 1998-01-01 | 2000-12-31 | Global | Union Camp Pre-Merger Restructuring | Item 1. Business - Employees f5-10k / Qwen3.6-27B-Q8_0 | 540 positions eliminated under a plan implemented in 1998 before the merger. | ||
| 2000-12-31 | restructuring | completed | 600 | 2000-01-01 | 2000-12-31 | Global | Union Camp Merger Integration (Non-Benefited) | Item 1. Business - Employees f5-10k / Qwen3.6-27B-Q8_0 | Approximately 600 additional positions eliminated where individuals were not eligible for benefits under the formal programs. | ||
| 2000-12-31 | restructuring | completed | 119 | 2000-08-01 | 2000-12-31 | United States | Printing Papers | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 119 employees due to excess internal capacity. | |
| 2000-12-31 | restructuring | completed | 108 | 2000-01-01 | 2000-12-31 | United States | Printing Papers | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of 108 salaried positions to improve cost effectiveness. | |
| 2000-12-31 | restructuring | completed | 126 | 2000-06-01 | 2000-12-31 | United States | Consumer Packaging | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 126 employees. | |
| 2000-12-31 | restructuring | completed | 187 | 2000-01-01 | 2000-12-31 | United States | Consumer Packaging | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 187 employees from idled lithographic department. | |
| 2000-12-31 | restructuring | completed | 17 | 2000-01-01 | 2000-12-31 | United States | Consumer Packaging | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 17 employees. | |
| 2000-12-31 | restructuring | completed | 120 | 2000-12-01 | 2000-12-31 | United States | Industrial Papers | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 120 employees. | |
| 2000-12-31 | restructuring | completed | 221 | 2000-01-01 | 2000-12-31 | United States | Industrial Packaging | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 221 employees. | |
| 2000-12-31 | restructuring | completed | 158 | 2000-01-01 | 2000-12-31 | New Zealand | Carter Holt Harvey | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 158 employees. | |
| 2000-12-31 | restructuring | completed | 760 | 2000-10-01 | 2000-12-31 | United States | Printing Papers | USD 31 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 760 employees. | |
| 2000-12-31 | restructuring | completed | 589 | 2000-10-01 | 2000-12-31 | United States | Printing Papers | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 589 employees. | |
| 2000-12-31 | restructuring | completed | 239 | 2000-10-01 | 2000-12-31 | Global | Consumer Packaging | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 239 employees. | |
| 2000-12-31 | restructuring | completed | 613 | 2000-10-01 | 2000-12-31 | United States | Industrial Packaging | USD 24 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 613 employees. | |
| 2000-12-31 | restructuring | completed | 83 | 2000-10-01 | 2000-12-31 | Italy | Industrial Packaging | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 83 employees. | |
| 2000-12-31 | restructuring | completed | 61 | 2000-10-01 | 2000-12-31 | United States | Chemicals and Petroleum | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 61 employees. | |
| 2000-12-31 | restructuring | completed | 264 | 2000-10-01 | 2000-12-31 | United States | Forest Products | USD 7 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 264 employees. | |
| 2000-12-31 | restructuring | completed | 433 | 2000-10-01 | 2000-12-31 | United States | Distribution | USD 15 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 433 employees. | |
| 2000-12-31 | restructuring | completed | 145 | 2000-10-01 | 2000-12-31 | New Zealand | Carter Holt Harvey | USD 4 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination of 145 employees. | |
| 2000-12-31 | restructuring | completed | 1,062 | 1999-04-30 | 2000-12-31 | United States | Combined company | USD 148 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger integration benefits program completed during 2000; $148M charge is program total recorded in 1999. Cumulative Union Camp merger-related reductions totaled approximately 2,200 versus 1998 budget, including 540 from a pre-merger restructuring plan and approximately 600 not eligible for benefits programs | |
| 2000-12-31 | acquisition_addition | completed | 2000-06-20 | 2000-06-20 | United States, Canada, Brazil | Printing Papers, Forest Products, Distribution | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Champion International Corporation acquisition completed June 20, 2000; employee headcount added not disclosed | |||
| 2000-12-31 | acquisition_addition | completed | 2000-03-31 | 2000-03-31 | United States | Consumer Packaging | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging Corporation acquisition completed March 31, 2000; employee headcount added not disclosed | |||
| 2000-12-31 | plant_closure | completed | 119 | 2000-06-30 | 2000-12-31 | Massachusetts, United States | Printing Papers | USD 27 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Millers Falls mill shut down August 2000 due to excess internal capacity; all 119 employees terminated by December 31, 2000. Charge includes $22M asset write-down, $2M severance, $3M other exit costs | |
| 2000-12-31 | reduction_in_force | in_progress | 108 | 2000-06-30 | Virginia, United States | Printing Papers | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Elimination of 108 salaried positions at Franklin mill for cost effectiveness; 103 employees terminated by December 31, 2000 | ||
| 2000-12-31 | plant_closure | in_progress | 126 | 2000-06-30 | Virginia, United States | Consumer Packaging | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Richmond facility shut down June 2000 following Shorewood acquisition; 125 of 126 employees terminated by December 31, 2000 | ||
| 2000-12-31 | plant_closure | in_progress | 187 | 2000-06-30 | Iowa, United States | Consumer Packaging | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Lithographic department of Clinton facility permanently idled; 151 of 187 employees terminated by December 31, 2000 | ||
| 2000-12-31 | reduction_in_force | completed | 17 | 2000-06-30 | 2000-12-31 | United States | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance reserve to streamline Consumer Packaging business; all 17 employees terminated by December 31, 2000 | |
| 2000-12-31 | plant_closure | in_progress | 120 | 2000-06-30 | Tennessee, United States | Industrial Papers | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Knoxville converting facility shut down December 2000; head count reduced by 106 employees by December 31, 2000 | ||
| 2000-12-31 | plant_closure | in_progress | 221 | 2000-06-30 | Mississippi, United States | Industrial Packaging | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tupelo sheet plant shutdown; 212 of 221 employees terminated by December 31, 2000 | ||
| 2000-12-31 | plant_closure | completed | 158 | 2000-06-30 | 2000-12-31 | New Zealand | Carter Holt Harvey | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mataura paper mill indefinite closure; all 158 employees terminated by December 31, 2000 | |
| 2000-12-31 | plant_closure | in_progress | 760 | 2000-10-18 | Alabama, United States | Printing Papers | USD 295 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mobile mill indefinite shutdown announced Q4 2000; charge includes $223M asset write-down, $31M severance, $41M other exit costs | ||
| 2000-12-31 | plant_closure | in_progress | 589 | 2000-10-18 | Pennsylvania, United States | Printing Papers | USD 101 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Lock Haven mill staged closure announced Q4 2000; charge includes $70M asset write-down, $16M severance, $15M other exit costs | ||
| 2000-12-31 | plant_closure | in_progress | 239 | 2000-12-31 | Jamaica; Ohio, United States | Consumer Packaging | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Beverage packaging plant in Jamaica and packaging facility in Cincinnati closed; charge excludes separate $80M aseptic business impairment | ||
| 2000-12-31 | plant_closure | in_progress | 613 | 2000-10-18 | Arkansas, United States | Industrial Packaging | USD 141 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Camden mill closed due to declining kraft paper market and excess capacity; charge includes $102M asset write-down, $24M severance, $15M other exit costs | ||
| 2000-12-31 | plant_closure | in_progress | 83 | 2000-12-31 | Italy | Industrial Packaging | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pedemonte container plant shutdown; charge includes $2M asset write-down, $3M severance, $4M other exit costs | ||
| 2000-12-31 | plant_closure | in_progress | 61 | 2000-12-31 | 2001-12-31 | Louisiana, United States | Chemicals and Petroleum | USD 34 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Oakdale plant partial shutdown at end of 2000 with remainder to close by end of 2001; charge includes $16M asset write-down, $1M severance, $17M other exit costs | |
| 2000-12-31 | plant_closure | in_progress | 264 | 2000-12-31 | Georgia, United States | Forest Products | USD 35 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Washington lumber mill shutdown due to unfavorable market conditions; $35M charge also includes restructuring costs associated with Mobile mill closure | ||
| 2000-12-31 | restructuring | in_progress | 433 | 2000-12-31 | United States | Distribution | USD 22 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | xpedx restructuring to consolidate duplicate facilities and eliminate excess capacity; charge includes $3M asset write-down, $15M severance, $4M other cash costs | ||
| 2000-12-31 | restructuring | in_progress | 145 | 2000-12-31 | New Zealand and Australia | Carter Holt Harvey | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cost reduction actions in tissue and packaging businesses; charge includes $1M asset write-down and $4M severance | ||
| 2000-12-31 | divestiture_reduction | announced | 2000-09-30 | North America, Europe, Korea | Forest Products | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Masonite to Premdor Inc. entered into September 30, 2000, subject to closing conditions and regulatory approval; employee headcount removed not disclosed | ||||
| 2000-12-31 | divestiture_reduction | completed | 2000-11-08 | 2000-11-08 | Global | Chemicals and Petroleum | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 68.2% interest in Bush Boake Allen for $640 million; employee headcount removed not disclosed | |||
| 2000-12-31 | divestiture_reduction | completed | 2001-01-31 | 2001-01-31 | United States | Chemicals and Petroleum | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Oil and gas properties and royalty interests conveyed to a third party on January 31, 2001; employee headcount removed not disclosed | |||
| 2000-12-31 | plant_closure | completed | 2000-10-18 | United States | Paper mills | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Form 8-K filed 2000-10-18 reported closure of three mills and scaling back of one mill; no employee counts or charges disclosed in this amendment. | ||||
| 2000-12-31 | acquisition_addition | completed | 2000-05-12 | United States | Champion International Corporation | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Champion merger agreement dated 2000-05-12; no headcount added disclosed in this amendment. | ||||
| 2000-12-31 | acquisition_addition | completed | 2000-02-16 | United States | Shorewood Packaging Corporation | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging merger agreement dated 2000-02-16; no headcount added disclosed in this amendment. | ||||
| 2000-09-30 | voluntary_separation | completed | 1,062 | 1999-04-30 | 2000-09-30 | United States | Company-wide (Union Camp merger integration) | USD 148 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration benefits program for employees terminating after the Union Camp merger; 1,218 employees originally identified. Program terminated in Q3 2000 with $6M of unused reserve covering 156 employees reversed to income; cash payments approximated $71M, remainder primarily an increase in the qualified pension plan obligation. | |
| 2000-09-30 | acquisition_addition | completed | 2000-06-20 | 2000-06-20 | United States | Printing and Communications Papers; Forest Products; Industrial and Consumer Packaging; Distribution | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Champion International Corporation acquired for approximately $5B cash plus 68.7M IP shares ($2.4B) with ~$2.3B debt assumed; headcount added through the acquisition is not disclosed. From July 1, 2000 Champion results were folded into the appropriate business segments. | |||
| 2000-09-30 | divestiture_reduction | announced | 2000-09-30 | United States / International | Forest Products (Masonite) | USD 310 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell Masonite entered into September 30, 2000 as part of the plan to divest more than $3B of assets by end of 2001; written down to net realizable value resulting in a $310M after-tax extraordinary charge (combined with Zanders). Headcount not disclosed. | |||
| 2000-09-30 | divestiture_reduction | announced | 2000-11-07 | International (Germany) | Printing and Communications Papers (Zanders) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell Zanders entered into November 7, 2000 (subsequent event). Part of the combined $310M after-tax write-down recorded in Q3 2000. Headcount not disclosed. | ||||
| 2000-09-30 | divestiture_reduction | completed | 2000-11-08 | 2000-11-08 | International | Chemicals and Petroleum (Bush Boake Allen) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the company's interest in Bush Boake Allen closed November 8, 2000 (subsequent event); expected to be reported as an extraordinary gain in Q4 2000. Earlier announcement date not disclosed in this filing. Headcount not disclosed. | |||
| 2000-09-30 | plant_closure | announced | 2,500 | 2000-10-18 | United States (AL, PA, AR) | U.S. uncoated papers, market pulp, containerboard and unbleached kraft paper mills and related forestry operations | USD 500 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced planned closings of three mills and scaling back of a fourth (Mobile and Courtland, Alabama; Lock Haven, Pennsylvania; Camden, Arkansas), reducing ~820,000 tons (18%) of U.S. uncoated papers capacity, 120,000 tons (7%) of North American market pulp, 230,000 tons (5%) of U.S. containerboard and 50,000 tons of unbleached kraft. Estimated ~$500M pre-tax asset write-downs and cash costs including severance, to be recorded in Q4 2000. Filer presents a single consolidated employee count across facilities. | ||
| 2000-09-30 | restructuring | in_progress | 119 | 2000-04-01 | Massachusetts | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Millers Falls mill due to excess capacity. 107 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | restructuring | in_progress | 108 | 2000-04-01 | Virginia | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction of salaried workforce at Franklin mill. 26 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | plant_closure | in_progress | 126 | 2000-04-01 | Virginia | Consumer Packaging | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Richmond facility. 123 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | restructuring | in_progress | 187 | 2000-04-01 | Iowa | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent idling of lithographic department at Clinton facility. 103 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | restructuring | in_progress | 17 | 2000-04-01 | United States | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining effort. 13 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | plant_closure | in_progress | 120 | 2000-04-01 | Tennessee | Industrial Papers | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Knoxville converting facility. 11 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | plant_closure | in_progress | 221 | 2000-04-01 | Mississippi | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Tupelo sheet plant. 158 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | plant_closure | in_progress | 158 | 2000-04-01 | New Zealand | Carter Holt Harvey | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Indefinite shutdown of Mataura paper mill. 138 employees terminated as of Sept 30, 2000. | ||
| 2000-09-30 | restructuring | announced | 2,500 | 2000-10-18 | United States | Multiple Segments | USD 500 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Planned closings of three mills and scaling back of another. Includes Mobile and Courtland, AL; Lock Haven, PA; Camden, AR. Charge estimated in $500 million range pre-tax. | ||
| 2000-06-30 | restructuring | in_progress | 227 | 2000-06-30 | United States | Printing and Communications Papers | USD 29 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Millers Falls, MA mill shutdown (119 employees) and Franklin, VA salaried workforce reduction (108 employees). Charge comprises $22M asset write-downs and $7M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000. | ||
| 2000-06-30 | restructuring | in_progress | 330 | 2000-06-30 | United States | Consumer Packaging | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Richmond, VA facility shutdown (126 employees), Clinton, IA lithographic department idling (187 employees), and Consumer Packaging streamlining (17 employees). Charge comprises $7M asset write-downs and $9M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000. | ||
| 2000-06-30 | restructuring | in_progress | 120 | 2000-06-30 | United States | Industrial Papers | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Knoxville, TN converting facility shutdown (120 employees). Charge comprises $9M asset write-downs and $4M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000. | ||
| 2000-06-30 | restructuring | in_progress | 379 | 2000-06-30 | United States; New Zealand | Other (Industrial Packaging; Carter Holt Harvey) | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tupelo, MS sheet plant shutdown (221 employees) and Carter Holt Harvey Mataura paper mill indefinite shutdown (158 employees). Charge comprises $2M asset write-downs and $11M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000. | ||
| 2000-06-30 | acquisition_addition | completed | 2000-05-12 | 2000-06-20 | United States | Multiple segments | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Champion International Corporation merger completed June 20, 2000 for approximately $5B cash and $2.4B in stock; $2.3B debt assumed. Headcount added not disclosed. Announcement date reflects merger agreement date. | |||
| 2000-06-30 | acquisition_addition | completed | 2000-02-17 | 2000-03-31 | United States | Consumer Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shorewood Packaging Corporation acquisition completed March 31, 2000 for approximately $640M cash plus assumption of approximately $280M debt. Headcount added not disclosed. | |||
| 2000-06-30 | voluntary_separation | completed | 164 | 1999-06-30 | 2000-06-30 | United States | Corporate | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger-related termination benefits program substantially completed in Q2 2000. 164 employees incurred costs during the quarter; 156 employees remaining as of June 30, 2000. Original special charge of $98M recorded in Q2 1999 for 572 employees; additional $50M charge in Q3 1999 for 646 employees. Announcement date reflects original Q2 1999 special charge. | ||
| 2000-06-30 | restructuring | in_progress | 119 | 2000-06-30 | Massachusetts, USA | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Millers Falls mill due to excess capacity. | ||
| 2000-06-30 | restructuring | in_progress | 108 | 2000-06-30 | Virginia, USA | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction of salaried workforce at Franklin mill. | ||
| 2000-06-30 | restructuring | in_progress | 126 | 2000-06-30 | Virginia, USA | Consumer Packaging | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Richmond facility. | ||
| 2000-06-30 | restructuring | in_progress | 187 | 2000-06-30 | Iowa, USA | Consumer Packaging | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent idling of lithographic department at Clinton facility. | ||
| 2000-06-30 | restructuring | in_progress | 17 | 2000-06-30 | USA | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining administrative functions. | ||
| 2000-06-30 | restructuring | in_progress | 120 | 2000-06-30 | Tennessee, USA | Industrial Papers | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Knoxville converting facility. | ||
| 2000-06-30 | restructuring | in_progress | 221 | 2000-06-30 | Mississippi, USA | Industrial Packaging | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Tupelo sheet plant. | ||
| 2000-06-30 | restructuring | in_progress | 158 | 2000-06-30 | New Zealand | Carter Holt Harvey | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Indefinite shutdown of Mataura paper mill. | ||
| 2000-06-30 | restructuring | in_progress | 111 | 1999-04-30 | USA | Corporate | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Union Camp merger-related termination benefits incurred in Q1 2000. | ||
| 2000-06-30 | restructuring | in_progress | 164 | 1999-04-30 | USA | Corporate | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Union Camp merger-related termination benefits incurred in Q2 2000. | ||
| 2000-06-30 | restructuring | in_progress | 1,031 | 1999-06-30 | USA | Corporate | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1999 restructuring plan severance costs incurred in Q1 2000. | ||
| 2000-06-30 | restructuring | in_progress | 673 | 1999-06-30 | USA | Corporate | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1999 restructuring plan severance costs incurred in Q2 2000. | ||
| 2000-03-31 | restructuring | in_progress | 1,218 | 1999-04-30 | 2000-05-31 | United States | Multiple | USD 148 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger integration benefits program; 1,218 employees identified for termination. Through 2000-03-31, 898 employees had been terminated with ~$65M in related cash payments; 320 employees remained. Substantially all positions expected eliminated by 2000-05-31. $148M pre-tax charge recorded in 1999; $24M balance at 2000-03-31. | |
| 2000-03-31 | restructuring | in_progress | 1,372 | 1999-06-30 | United States | Multiple | USD 298 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 1999 restructuring plan for asset shutdowns of excess internal capacity and cost reduction actions. $298M pre-tax charge ($149M asset write-downs, $149M severance and other). In Q1 2000, cash charges affected 1,031 employees; balance of 1,372 employees and $82M severance liability remained at 2000-03-31. | ||
| 2000-03-31 | restructuring | in_progress | 111 | 1999-04-30 | 2000-05-31 | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Union Camp merger-related termination benefits. 111 employees terminated in Q1 2000. $8 million incurred costs in Q1 2000. Substantially all positions expected to be eliminated by May 31, 2000. | |||
| 2000-03-31 | restructuring | in_progress | 1,031 | 1999-06-30 | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1999 restructuring plan for asset shutdowns of excess internal capacity. 1,031 employees terminated in Q1 2000. $25 million cash charges in Q1 2000. | ||||
| 2000-03-31 | acquisition_addition | completed | 2000-02-17 | 2000-03-31 | Industrial and Consumer Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Shorewood Packaging Corporation completed March 31, 2000. Headcount not disclosed. | ||||
| 2000-03-31 | acquisition_addition | announced | 2000-02-21 | 2000-04-28 | Australia | Carter Holt Harvey | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Purchase of CSR Limited's medium density fiberboard and particleboard businesses and Oberon sawmill. Completed April 28, 2000. Headcount not disclosed. | |||
| 2000-03-31 | other | announced | 2000-04-25 | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Offer to purchase Champion International Corporation. Intention to sell more than $3 billion of assets by end of 2001. May incur costs and charges in future periods. | ||||||
| 1999-12-31 | restructuring | in_progress | 1,218 | 1999-04-30 | United States | Corporate / Merger Integration | USD 148 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger integration benefits program; 787 of 1,218 employees terminated through year-end; charge includes pension obligation increase | ||
| 1999-12-31 | restructuring | in_progress | 289 | 1999-06-30 | United States | Printing and Communications Papers | USD 24 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance program at several U.S. mills; 146 of 289 employees terminated by year-end | ||
| 1999-12-31 | plant_closure | in_progress | 147 | 1999-06-30 | United States | Printing and Communications Papers | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Hudson River mill No. 4 and Franklin mill No. 2 paper machines permanently shut down; machines written down $6M; 76 of 147 employees terminated by year-end | ||
| 1999-12-31 | plant_closure | in_progress | 42 | 1999-06-30 | France | Printing and Communications Papers — European Papers | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Lana mill in Docelles closed due to excess capacity; assets written down $3M; 14 of 42 employees terminated by year-end | ||
| 1999-12-31 | plant_closure | completed | 81 | 1999-06-30 | France | Printing and Communications Papers — European Papers | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Corimex coating plant in Clermont-Ferrand closed; all 81 employees terminated by year-end | ||
| 1999-12-31 | plant_closure | in_progress | 360 | 1999-06-30 | United States | Industrial and Consumer Packaging — Consumer Packaging | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Moss Point No. 3 paper machine shutdown; machine written down $6M; 272 of 360 positions terminated by year-end | ||
| 1999-12-31 | plant_closure | in_progress | 29 | 1999-06-30 | Brazil | Industrial and Consumer Packaging — Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Itu beverage packaging facility closed; assets written down $13M; 24 of 29 positions terminated by year-end | ||
| 1999-12-31 | restructuring | in_progress | 89 | 1999-06-30 | United States | Chemicals and Petroleum | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Natchez mill downsizing due to reduced dissolving pulp demand; 88 of 89 positions terminated by year-end | ||
| 1999-12-31 | plant_closure | in_progress | 81 | 1999-06-30 | Canada, United States | Industrial and Consumer Packaging — Industrial Papers | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Toronto plant closed; equipment taken out of service at Kaukauna, Knoxville, and Menasha; 59 of 81 employees reduced by year-end | ||
| 1999-12-31 | restructuring | in_progress | 99 | 1999-12-31 | United States | Printing and Communications Papers | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Erie mill production curtailment; segment charge $12M also includes software write-off and Otis Hydroelectric impairment | ||
| 1999-12-31 | plant_closure | in_progress | 194 | 1999-12-31 | United States, Canada | Industrial and Consumer Packaging — Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Philadelphia and Edmonton plant closures; assets written down $7M; segment charge $36M covers this and capacity reduction | ||
| 1999-12-31 | restructuring | in_progress | 512 | 1999-12-31 | United States | Industrial and Consumer Packaging — Consumer Packaging | USD 11 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aseptic and flexible packaging capacity reduction; assets written down $7M; segment charge $36M covers this and plant closures | ||
| 1999-12-31 | plant_closure | in_progress | 426 | 1999-12-31 | United States | Industrial and Consumer Packaging — Industrial Packaging | USD 21 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of Terre Haute, Northlake, Columbia, Montgomery plants and Spartanburg design center | ||
| 1999-12-31 | plant_closure | in_progress | 83 | 1999-12-31 | United Kingdom | Chemicals and Petroleum | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Partial shutdown of Chester-Le-Street plant; assets written down $30M; segment charge $50M also includes Springhill additional costs | ||
| 1999-12-31 | restructuring | in_progress | 65 | 1999-12-31 | United States | Forest Products — Decorative Products | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decorative surfaces improvement program; assets written off $2M; segment charge $16M covers this and Pilot Rock closure | ||
| 1999-12-31 | plant_closure | in_progress | 155 | 1999-12-31 | United States | Forest Products — Masonite | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pilot Rock, Oregon mill closure; assets written down $8M; segment charge $16M covers this and decorative surfaces program | ||
| 1999-12-31 | restructuring | in_progress | 211 | 1999-12-31 | United States | Distribution | USD 23 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | xpedx duplicate facility consolidation; includes lease cancellations | ||
| 1999-12-31 | plant_closure | in_progress | 300 | 1999-12-31 | New Zealand | Carter Holt Harvey | USD 27 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Kinleith mill No. 5 paper machine shutdown; machine written down from $20M to $2M salvage value | ||
| 1999-12-31 | restructuring | in_progress | 1,218 | 1999-04-30 | Global | Corporate / All Segments | USD 148 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Union Camp merger-related termination benefits. 1,218 employees identified for termination under integration benefits program. 787 terminated by year-end. | ||
| 1999-12-31 | restructuring | in_progress | 289 | 1999-06-30 | United States | Printing and Communications Papers | USD 24 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Second phase of Printing and Communications Papers business plan. 146 terminated by year-end. | ||
| 1999-12-31 | plant_closure | completed | 147 | 1999-06-30 | United States | Printing and Communications Papers | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill No. 4 paper machine and Franklin mill No. 2 paper machine. 76 terminated by year-end. | ||
| 1999-12-31 | plant_closure | in_progress | 42 | 1999-06-30 | France | European Papers | USD 4 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Lana mill in Docelles, France. 14 terminated by year-end. | ||
| 1999-12-31 | plant_closure | completed | 81 | 1999-06-30 | France | European Papers | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Corimex coating plant in Clermont-Ferrand, France. All 81 terminated by year-end. | ||
| 1999-12-31 | plant_closure | in_progress | 360 | 1999-06-30 | United States | Consumer Packaging | USD 10 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of No. 3 paper machine at Moss Point, Mississippi mill. 272 terminated by year-end. | ||
| 1999-12-31 | plant_closure | in_progress | 29 | 1999-06-30 | Brazil | Consumer Packaging | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of beverage packaging facility in Itu, Brazil. 24 terminated by year-end. | ||
| 1999-12-31 | restructuring | in_progress | 89 | 1999-06-30 | United States | Chemicals and Petroleum | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Downsizing of Natchez, Mississippi mill. 88 terminated by year-end. | ||
| 1999-12-31 | plant_closure | in_progress | 81 | 1999-06-30 | North America | Industrial Papers | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of Toronto, Canada plant and equipment shutdowns in US. 59 reduced through severance and attrition by year-end. | ||
| 1999-12-31 | restructuring | in_progress | 99 | 1999-12-31 | United States | Printing and Communications Papers | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Production curtailment at Erie, Pennsylvania mill. | ||
| 1999-12-31 | plant_closure | in_progress | 194 | 1999-12-31 | North America | Consumer Packaging | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Philadelphia, Pennsylvania and Edmonton, Alberta plants. | ||
| 1999-12-31 | restructuring | in_progress | 512 | 1999-12-31 | United States | Consumer Packaging | USD 11 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of excess capacity in aseptic and flexible packaging businesses. | ||
| 1999-12-31 | plant_closure | in_progress | 426 | 1999-12-31 | United States | Industrial Packaging | USD 12 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Terre Haute, Northlake, Columbia, Montgomery plants and Spartanburg design center. | ||
| 1999-12-31 | plant_closure | in_progress | 83 | 1999-12-31 | United Kingdom | Chemicals and Petroleum | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Partial shutdown of Chester-Le-Street plant in Northeast England. | ||
| 1999-12-31 | restructuring | in_progress | 65 | 1999-12-31 | United States | Building Materials | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Improvement plan for decorative surfaces business. | ||
| 1999-12-31 | plant_closure | in_progress | 155 | 1999-12-31 | United States | Building Materials | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of Pilot Rock, Oregon mill. | ||
| 1999-12-31 | restructuring | in_progress | 211 | 1999-12-31 | United States | Distribution | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Consolidation of duplicate facilities in xpedx distribution business. | ||
| 1999-12-31 | plant_closure | in_progress | 300 | 1999-12-31 | New Zealand | Carter Holt Harvey | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Shutdown of No. 5 paper machine at Carter Holt Harvey's Kinleith mill. | ||
| 1999-09-30 | acquisition_addition | completed | 1998-11-24 | 1999-04-30 | United States | Enterprise (pooling-of-interests merger) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed 1999-04-30; approximately 110 million IP shares issued for about 74 million Union Camp shares. No headcount added through the merger is disclosed. | |||
| 1999-09-30 | restructuring | in_progress | 1,218 | 2000-05-31 | United States | Union Camp merger integration (organization rationalization) | USD 148 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration benefits program identified 1,218 employees for termination across Q2 and Q3 1999 at a total cost of $148M ($98M charged Q2, $50M charged Q3). Through 1999-09-30, 567 employees terminated at a cost of $83M; remaining accrual balance $65M covering 651 employees. Filer states no further adjustments to the charge are anticipated. | ||
| 1999-09-30 | reduction_in_force | in_progress | 289 | United States | Printing and Communications Papers | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second phase of the business plan to improve mill cost position; ongoing severance program covering reductions at 14 U.S. mills. At 1999-09-30, 146 employees had been terminated. Charge recorded in Q2 1999. | |||
| 1999-09-30 | plant_closure | in_progress | 147 | United States | Printing and Communications Papers — Hudson River (Corinth, NY) and Franklin, VA mills | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of Hudson River mill No. 4 paper machine and Franklin mill No. 2 paper machine; machines written down $6M to fair value of zero. Franklin machine shut down September 1999. At 1999-09-30, 79 employees had been terminated. | |||
| 1999-09-30 | plant_closure | in_progress | 42 | 2000-06-30 | France | European Papers — Lana mill, Docelles | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mill shutdown due to excess capacity; production shifting to La Robertsau mill in Strasbourg. Lana assets written down $3M to zero; site closure costs expected $1M. At 1999-09-30, 2 employees had been terminated. | ||
| 1999-09-30 | plant_closure | completed | 81 | 1999-04-30 | Europe | European Papers — Corimex coating plant | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plant shut down April 1999 as thermal fax paper market shrank; assets had already been impaired in 1997. All 81 employees terminated by 1999-09-30. | ||
| 1999-09-30 | plant_closure | in_progress | 360 | United States | Consumer Packaging — Moss Point, Mississippi mill | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shutdown of No. 3 label paper machine with production transferred to Hudson River mill; machine written down $6M to zero. At 1999-09-30, 272 employees had been terminated. | |||
| 1999-09-30 | plant_closure | in_progress | 29 | Brazil | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closed to reduce excess capacity; assets written down $13M to zero and other exit costs of $1M. At 1999-09-30, 16 employees had been terminated. | |||
| 1999-09-30 | restructuring | completed | Turkey | Industrial Packaging — joint venture | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge reflects impairment of a Turkey industrial packaging joint venture investment and costs of resolving a non-compete clause with Union Camp's JV partner; no employee count disclosed. | ||||
| 1999-09-30 | restructuring | in_progress | 89 | United States | Chemicals and Petroleum — Natchez mill | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mill downsized on reduced dissolving pulp demand; capacity reduction charges total $10M including equipment shutdowns. At 1999-09-30, 88 employees had been terminated. | |||
| 1999-09-30 | restructuring | in_progress | 123 | United States and Canada | Industrial Papers — Kaukauna, De Pere, Menasha (WI) and Toronto | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Excess capacity reduction; asset write-downs of $7M and other exit costs of $2M. Toronto plant closed. At 1999-09-30, 26 employees had been terminated. | |||
| 1999-09-30 | restructuring | in_progress | 2,508 | 1999-12-31 | United States and international | Enterprise — 1998 restructuring plan | USD 81 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance reserve recorded in Q3 1998 covering 2,508 employees; 2,274 employees terminated by 1999-09-30 and reserve balance reduced to $6M. Substantially all remaining reserve expected to be used by 1999-12-31. | ||
| 1999-09-30 | restructuring | in_progress | 1,218 | 1999-04-30 | 2000-05-31 | Global | Corporate / Integration | USD 148 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration benefits program for combined company. 567 employees terminated through Sept 30, 1999 at cost of $83 million. | |
| 1999-09-30 | restructuring | in_progress | 289 | 1999-06-30 | United States | Printing and Communication Papers | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction at 14 mills. 146 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | plant_closure | in_progress | 147 | 1999-06-30 | United States | Printing and Communication Papers | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill No. 4 and Franklin V.A. mill No. 2. 79 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | plant_closure | in_progress | 42 | 1999-06-30 | 2000-06-30 | France | European Papers | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Lana mill in Docelles. 2 employees terminated as of Sept 30, 1999. | |
| 1999-09-30 | plant_closure | completed | 81 | 1999-04-30 | 1999-04-30 | France | European Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Corimex coating plant. 81 employees terminated as of Sept 30, 1999. | |
| 1999-09-30 | plant_closure | in_progress | 360 | 1999-06-30 | United States | Consumer Packaging | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of No. 3 paper machine at Moss Point, Miss. 272 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | plant_closure | in_progress | 29 | 1999-06-30 | Brazil | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of facility in Brazil. 16 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | restructuring | in_progress | 89 | 1999-06-30 | United States | Chemicals and Petroleum | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Downsizing of Natchez mill. 88 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | plant_closure | in_progress | 123 | 1999-06-30 | United States, Canada | Industrial Papers | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdowns at Kaukauna, De Pere, Menasha, Wis. and Toronto, Canada. 26 employees terminated as of Sept 30, 1999. | ||
| 1999-09-30 | restructuring | in_progress | 2,508 | 1998-09-30 | 1999-12-31 | Global | Various | USD 81 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1998 third quarter restructuring. 2,274 employees terminated as of Sept 30, 1999. Remaining reserve expected utilized by Dec 31, 1999. | |
| 1999-06-30 | acquisition_addition | completed | 1999-04-30 | 1999-04-30 | United States | Enterprise-wide | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pooling-of-interests merger completed 1999-04-30; approximately 110 million IP shares issued for about 74 million Union Camp shares. Headcount added through the merger is not disclosed. | |||
| 1999-06-30 | restructuring | in_progress | 572 | 1999-04-30 | Enterprise-wide — merger integration | USD 98 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $98M ($67M after taxes). 572 employees identified for termination as of 1999-06-30; 83 terminated through that date with about $24M cash paid. Remaining $68M balance includes a $6M increase in the projected benefit obligation; majority of the charge is a pension PBO increase rather than cash severance. | |||
| 1999-06-30 | reduction_in_force | in_progress | 289 | 1999-06-30 | United States | Printing and Communications Papers | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second phase of the segment's mill cost-position plan under the ongoing severance program, covering reductions at several U.S. mills. No specific announcement date disclosed; charge recorded during Q2 1999. | ||
| 1999-06-30 | plant_closure | in_progress | 147 | 1999-06-30 | 1999-09-30 | United States | Printing and Communications Papers | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent shutdown of Hudson River mill No. 4 (Corinth, N.Y.) and Franklin, V.A. No. 2 paper machine. Assets written down $6M to fair value of zero plus $3M severance. Hudson River machine already shut down; Franklin machine scheduled for September 1999. | |
| 1999-06-30 | plant_closure | completed | 42 | 1999-06-30 | France | European Papers | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Lana mill closed due to excess capacity; production to shift to La Robertsau mill in Strasbourg. Includes $3M asset write-down to zero, about $4M severance and $1M site closure costs. Lana mill had $5M revenue and $0.4M operating loss for the six months ended 1999-06-30. | ||
| 1999-06-30 | plant_closure | completed | 81 | 1999-06-30 | 1999-04-30 | European Papers | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Corimex coating plant shut down in April 1999 as the thermal fax paper market shrank; assets had already been impaired in 1997. Plant location not specified in filing. Corimex had $5M revenue and $2M operating loss for the six months ended 1999-06-30. | ||
| 1999-06-30 | restructuring | in_progress | 360 | 1999-06-30 | United States | Consumer Packaging | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Performance improvement plan including shutdown of the No. 3 label paper machine (production moving to Hudson River mill), written down $6M to zero, plus $10M severance covering 360 positions including but not limited to No. 3 machine employees. | ||
| 1999-06-30 | plant_closure | in_progress | 29 | 1999-06-30 | Latin America | Consumer Packaging | USD 15 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shutdown of a Latin American operation to reduce excess capacity; assets written down $13M to zero, $1M severance for 29 positions and $1M other exit costs. | ||
| 1999-06-30 | restructuring | in_progress | 1999-06-30 | Turkey | Industrial Packaging | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Investment impairment charge following negotiations with Union Camp's joint venture partner to resolve a non-compete clause; includes related resolution costs. Employee count not disclosed. | |||
| 1999-06-30 | restructuring | in_progress | 89 | 1999-06-30 | United States | Chemicals and Petroleum | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Natchez mill downsized on reduced dissolving pulp demand; $10M of capacity-reduction charges including shutdown of several pieces of equipment plus $3M severance eliminating 89 positions. | ||
| 1999-06-30 | plant_closure | in_progress | 123 | 1999-06-30 | United States and Canada | Industrial Papers | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Toronto, Canada plant closed and equipment at Kaukauna, De Pere and Menasha, Wis. plants scheduled for shutdown. Includes $7M asset write-downs, $5M severance for 123 employees and $2M other exit costs. | ||
| 1999-06-30 | restructuring | in_progress | 2,508 | 1998-09-30 | 1999-12-31 | Enterprise-wide | USD 81 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program-level count of 2,508 employees established in Q3 1998; 2,049 terminated as of 1999-06-30 (1,080 at 1998-12-31). Severance reserve balance $6M at 1999-06-30 after $14M of Q2 1999 cash charges and a $6M reserve reversal. Company expects substantially all remaining reserve used by 1999-12-31. | ||
| 1999-06-30 | restructuring | completed | 3,015 | 1997-06-30 | 1999-06-30 | Enterprise-wide | USD 535 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program-level headcount reduction of 3,015 established June 1997; 2,671 terminated as of 1999-06-30 (2,446 at 1998-12-31). Severance and other reserve balance reached $0 at 1999-06-30 after $7M of Q2 1999 cash charges. Total charge $535M pre-tax ($385M after taxes). | ||
| 1999-06-30 | restructuring | announced | 1999-08-16 | Enterprise-wide — Union Camp merger integration | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company states it expects to incur charges in the second half of 1999 for additional Union Camp merger-related severance and other one-time merger costs. No employee count or charge amount disclosed; announcement date is the filing date. | |||||
| 1999-06-30 | restructuring | in_progress | 572 | 1999-04-30 | Global | Corporate / Integration | USD 98 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Union Camp merger-related termination benefits. 572 employees identified for termination as of June 30, 1999. 83 terminated through June 30, 1999. | ||
| 1999-06-30 | restructuring | in_progress | 289 | 1999-04-30 | United States | Printing and Communication Papers | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Second phase of business plan to improve cost position. Reduction of approximately 289 employees at several mills. | ||
| 1999-06-30 | plant_closure | completed | 147 | 1999-04-30 | 1999-09-30 | United States | Printing and Communication Papers | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Hudson River mill No. 4 paper machine and Franklin, V.A. mill No. 2 paper machine. | |
| 1999-06-30 | plant_closure | completed | 42 | 1999-04-30 | France | European Papers | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Lana mill in Docelles due to excess capacity. | ||
| 1999-06-30 | plant_closure | completed | 81 | 1999-04-30 | France | European Papers | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Corimex coating plant in April 1999. | ||
| 1999-06-30 | plant_closure | in_progress | 360 | 1999-04-30 | United States | Consumer Packaging | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of No. 3 paper machine at Moss Point, Miss. mill. | ||
| 1999-06-30 | plant_closure | in_progress | 29 | 1999-04-30 | Latin America | Consumer Packaging | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of Latin American operation to reduce excess capacity. | ||
| 1999-06-30 | restructuring | in_progress | 89 | 1999-04-30 | United States | Chemicals and Petroleum | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Downsizing of Natchez mill due to reduction in market demand for dissolving pulp. | ||
| 1999-06-30 | plant_closure | completed | 123 | 1999-04-30 | United States and Canada | Industrial Papers | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Shutdown of equipment at Kaukauna, De Pere, and Menasha, Wis. plants and closure of Toronto, Canada plant. | ||
| 1999-06-30 | restructuring | in_progress | 2,508 | 1998-09-30 | 1999-12-31 | Global | Various | USD 56 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1998 restructuring plan. 2,049 employees terminated as of June 30, 1999. Substantially all remaining reserve expected to be utilized by Dec 31, 1999. | |
| 1999-06-30 | restructuring | in_progress | 3,015 | 1997-06-30 | Global | Various | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1997 business improvement charge. 2,671 employees terminated as of June 30, 1999. Reserve balance is zero. | ||
| 1999-03-31 | restructuring | in_progress | 1,968 | 1998-07-01 | 1999-12-31 | United States | Multiple segments | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 1998 restructuring plan severance reserve relates to 1,968 employees; 1,765 terminated by 1999-03-31; $18M cash severance charges in Q1 1999; reserve balance $20M at quarter-end; substantially all remaining reserve expected utilized by 1999-12-31 | |
| 1999-03-31 | restructuring | in_progress | 3,015 | 1997-06-01 | United States | Multiple segments | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 1997 business improvement plan: $535M pre-tax charge including $95M severance for 3,015-employee headcount reduction; 2,549 terminated by 1999-03-31; $2M cash charges in Q1 1999; remaining balance $7M | ||
| 1999-03-31 | acquisition_addition | announced | 1998-11-24 | 1999-04-30 | United States | Diversified paper and forest products | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Union Camp merger approved by shareholders 1999-04-30; ~110M IP shares issued for ~74M Union Camp shares; equity value ~$6.3B; no employee headcount disclosed; expected $300M annual cost savings by end of 2000 with significant one-time 1999 costs including severance | |||
| 1999-03-31 | restructuring | announced | 1999-01-01 | 1999-12-31 | United States | U.S. Papers | USD 20 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Up to $20M in severance costs may be required during 1999 for next phase of U.S. Papers mill cost improvement program; no employee count disclosed; additional operations under active review | ||
| 1999-03-31 | acquisition_addition | announced | 1999-04-30 | Australia | Corrugated packaging | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey announced acquisition of Stone Australia corrugated packaging business (two sites in Melbourne and Sydney); no headcount disclosed | ||||
| 1999-03-31 | restructuring | in_progress | 1,968 | 1998-09-01 | 1999-12-31 | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1998 third quarter restructuring plan. 1,765 employees terminated as of March 31, 1999. $18 million cash charges in Q1 1999. Remaining reserve expected to be utilized by Dec 31, 1999. | |||
| 1999-03-31 | restructuring | in_progress | 3,015 | 1997-06-01 | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 1997 business improvement plan. 2,549 employees terminated as of March 31, 1999. $2 million cash charges in Q1 1999. | ||||
| 1999-03-31 | restructuring | announced | 1999-03-31 | United States | U.S. Papers | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Up to $20 million in severance costs may be required in 1999 to implement the next phase of the U.S. Papers program. | |||
| 1998-12-31 | restructuring | completed | 1,000 | 1998-12-31 | United States | Distribution (XPEDX / Zellerbach integration) | USD 10 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Goal of 1,000 job eliminations surpassed by year-end 1998; restructuring footnote records $10M severance for 274 terminated employees as a subset with formal severance charges | ||
| 1998-12-31 | restructuring | in_progress | 750 | United States | U.S. Papers (Mobile AL, Lock Haven PA, Ticonderoga NY mills) | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Equipment shutdown at Mobile mill ($13M asset write-down) plus announced termination of 750 employees across three mills; part of 1998 $105M restructuring charge | |||
| 1998-12-31 | plant_closure | in_progress | 236 | Australia and New Zealand | Carter Holt Harvey (Myrtleford tissue pulp mill, Taupo sawmill) | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Myrtleford closed due to excess tissue pulp capacity; Taupo sawmill closed due to productivity improvements; $15M asset write-down also recorded | |||
| 1998-12-31 | plant_closure | in_progress | 298 | United States | Industrial Packaging (Gardiner, Oregon mill) | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closed due to excess containerboard capacity; net PP&E written down from $13M to $5M salvage value; mill had $78M revenue and $16M operating loss in 1998 | |||
| 1998-12-31 | restructuring | in_progress | 410 | United States | Forest Resources and Consumer Packaging (corporate consolidation) | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 200 employees in Forest Resources group ($10M) and 210 in Consumer Packaging group ($5M) from consolidating land/timber/logging divisions and Consumer Packaging group | |||
| 1998-12-31 | restructuring | in_progress | 274 | 1998-08-01 | United States | Distribution (XPEDX) | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Termination of employees at duplicate facilities following Zellerbach acquisition. | ||
| 1998-12-31 | restructuring | in_progress | 750 | 1998-01-01 | United States | U.S. Papers | USD 14 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Terminations at Mobile, Ala., Lock Haven, Pa., and Ticonderoga, N.Y. mills. | ||
| 1998-12-31 | restructuring | in_progress | 236 | 1998-01-01 | New Zealand and Australia | Carter Holt Harvey | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Terminations associated with closure of Myrtleford and Taupo facilities. | ||
| 1998-12-31 | restructuring | in_progress | 298 | 1998-07-01 | United States | Industrial Packaging | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Terminations at Gardiner, Ore. mill due to excess capacity. | ||
| 1998-12-31 | restructuring | in_progress | 200 | 1998-01-01 | United States | Forest Resources | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Headcount reduction in Forest Resources group consolidation. | ||
| 1998-12-31 | restructuring | in_progress | 210 | 1998-01-01 | United States | Consumer Packaging | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Personnel reduction in Consumer Packaging group consolidation. | ||
| 1998-09-30 | restructuring | in_progress | 1998-07-01 | United States, New Zealand, Australia | Printing Papers, Forest Resources, Distribution, Carter Holt Harvey | USD 115 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $115M ($62M after taxes/minority interest, $0.20/share). Includes $65M asset write-downs and $50M severance. Components: realignment of U.S. manufacturing in printing papers, indefinite shutdown of Gardiner OR linerboard mill, closure of Taupo NZ sawmill and Myrtleford AU tissue pulp mill, severance/systems costs for reorganization of forest resources and distribution, and share of Scitex digital video write-down. No employee counts disclosed. | |||
| 1998-09-30 | plant_closure | in_progress | 1998-07-01 | United States | Printing Papers | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Indefinite shutdown of the Gardiner, Oregon linerboard mill; part of the $115M restructuring charge. No employee count disclosed. | ||||
| 1998-09-30 | plant_closure | in_progress | 1998-07-01 | New Zealand | Carter Holt Harvey | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of Carter Holt Harvey's Taupo sawmill; part of the $115M restructuring charge. No employee count disclosed. | ||||
| 1998-09-30 | plant_closure | in_progress | 1998-07-01 | Australia | Carter Holt Harvey | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of Carter Holt Harvey's Myrtleford tissue pulp mill; part of the $115M restructuring charge. No employee count disclosed. | ||||
| 1998-09-30 | acquisition_addition | completed | 1998-07-01 | United States | Distribution (xpedx) | USD 263 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Zellerbach distribution business acquired from The Mead Corporation for approximately $263 million in July 1998; being integrated into xpedx distribution operations. No headcount added disclosed. | |||
| 1998-09-30 | divestiture_reduction | completed | 1998-07-01 | United States | Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Veratec nonwovens business sold in Q3 1998 with a $20M pre-tax gain ($12M after taxes, $0.04/share). No headcount reduction disclosed. | ||||
| 1998-09-30 | acquisition_addition | completed | 1998-04-01 | United States | Packaging | USD 232 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Weston Paper and Manufacturing Company acquired in April 1998 via exchange of approximately 4.7 million IP common shares valued at ~$232 million. No headcount added disclosed. | |||
| 1998-09-30 | restructuring | in_progress | 1998-09-30 | United States | Printing Papers | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of $115M pre-tax charge; $50M allocated to severance costs for realigning U.S. manufacturing operations. | |||
| 1998-09-30 | plant_closure | in_progress | 1998-09-30 | Oregon, United States | Packaging | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Indefinite shutdown of Gardiner, Oregon linerboard mill included in $115M pre-tax charge. | ||||
| 1998-09-30 | plant_closure | in_progress | 1998-09-30 | New Zealand | Forest Products | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of Carter Holt Harvey's Taupo sawmill included in $115M pre-tax charge. | ||||
| 1998-09-30 | plant_closure | in_progress | 1998-09-30 | Australia | Specialty Products | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of Carter Holt Harvey's Myrtleford tissue pulp mill included in $115M pre-tax charge. | ||||
| 1998-09-30 | restructuring | in_progress | 1998-09-30 | Global | Forest Resources and Distribution | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and systems costs for reorganization of forest resources and distribution businesses included in $115M pre-tax charge. | ||||
| 1998-06-30 | divestiture_reduction | completed | United States | Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Imaging products printing and graphic arts businesses sold in late February 1998; remaining imaging businesses sold early in Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed. | |||||
| 1998-06-30 | divestiture_reduction | completed | United States | Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Label business sold during Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed. | |||||
| 1998-06-30 | divestiture_reduction | completed | New Zealand | Forest Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey building products business sold during Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed. | |||||
| 1998-06-30 | acquisition_addition | completed | 1998-04-30 | United States | Packaging | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed April 1998 via exchange of approximately 4.7 million IP common shares valued at approximately $232 million. No employee count disclosed. | ||||
| 1998-06-30 | divestiture_reduction | announced | United States | Specialty Products | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Veratec nonwovens business sold in Q3 1998 for $282 million as part of the restructuring plan. No employee count disclosed. | |||||
| 1998-06-30 | acquisition_addition | announced | United States | Distribution | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Zellerbach distribution business acquired from Mead Corporation for approximately $263 million in Q3 1998; to be combined with xpedx distribution operations. No employee count disclosed. | |||||
| 1998-06-30 | acquisition_addition | announced | 1998-06-30 | 1998-12-31 | Russia | Printing Papers | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed June 1998 to purchase OAO Svetogorsk, a Russia-based pulp and paper business; expected completion by end of 1998. No employee count disclosed. | |||
| 1998-06-30 | restructuring | in_progress | 1997-06-30 | Global | Printing Papers, Specialty Products | USD 95 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | June 1997 business improvement reserve included $95 million for severance and other expenses related to closing/divesting operations. | |||
| 1998-06-30 | acquisition_addition | completed | 1998-04-01 | United States | Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Weston Paper and Manufacturing Company completed in April 1998. | ||||
| 1998-06-30 | acquisition_addition | completed | 1998-02-01 | Turkey | Packaging | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Joint venture with Olmuksa for containerboard and corrugated boxes. | ||||
| 1998-06-30 | acquisition_addition | completed | 1998-02-01 | Australia/New Zealand | Specialty Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Joint acquisition of Australian-based Continental Cup. | ||||
| 1998-06-30 | acquisition_addition | completed | 1997-11-01 | United States | Distribution | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Taussig Graphics Supply, Inc. | ||||
| 1998-06-30 | acquisition_addition | completed | 1997-09-01 | Global | Specialty Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Merbok Formtec. | ||||
| 1998-06-30 | divestiture_reduction | completed | 1998-02-01 | Global | Specialty Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Sale of certain imaging products businesses in late February and early second quarter 1998. | ||||
| 1998-06-30 | divestiture_reduction | completed | 1998-06-30 | Global | Specialty Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Sale of label business and Carter Holt Harvey's building products business during second quarter 1998. | ||||
| 1998-06-30 | acquisition_addition | announced | 1998-06-30 | 1998-12-31 | Russia | Printing Papers | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement signed to purchase OAO Svetogorsk, a Russia-based pulp and paper business. | |||
| 1998-06-30 | acquisition_addition | announced | 1998-09-30 | United States | Distribution | USD 263 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Zellerbach distribution business from Mead Corporation for approximately $263 million. | |||
| 1998-06-30 | divestiture_reduction | announced | 1998-09-30 | Global | Specialty Products | USD 282 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Sale of Veratec nonwovens business for $282 million. | |||
| 1998-03-31 | restructuring | in_progress | 1997-06-01 | United States and international | Printing Papers, Specialty Products (imaging businesses) | USD 535 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax reserve includes ~$230M asset write-downs, ~$210M estimated losses on business sales, and $95M severance and other expenses. No employee headcount disclosed. Most actions completed or announced by end of Q1 1998. | |||
| 1998-03-31 | divestiture_reduction | completed | 1997-12-01 | 1998-03-31 | United States | Specialty Products — imaging businesses | USD 125 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional pre-tax charge of $125M recorded in December 1997 for anticipated losses on sale of remaining imaging businesses. Certain imaging printing and graphic arts businesses sold in late February 1998; remaining imaging businesses sold early in Q2 1998. No employee headcount disclosed. | ||
| 1998-03-31 | divestiture_reduction | announced | 1998-04-30 | United States | Specialty Products — Veratec nonwovens | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement reached to sell Veratec nonwovens business for approximately $290 million. No employee headcount disclosed. | ||||
| 1998-03-31 | acquisition_addition | completed | 1998-04-30 | 1998-04-30 | United States | Packaging — corrugated manufacturing | USD 232 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger with Weston Paper and Manufacturing Company completed April 1998 via exchange of 4.7 million IP common shares valued at ~$232 million. No employee headcount disclosed. | ||
| 1998-03-31 | acquisition_addition | completed | 1998-02-01 | 1998-02-28 | Turkey | Packaging — containerboard and corrugated boxes | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Joint venture with Olmuksa in Turkey for manufacture of containerboard and corrugated boxes. No employee headcount disclosed. | |||
| 1998-03-31 | acquisition_addition | completed | 1998-02-01 | 1998-02-28 | Australia | Specialty Products — food service products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey and International Paper jointly acquired Australian-based Continental Cup. No employee headcount disclosed. | |||
| 1998-03-31 | restructuring | completed | 1997-06 | United States and overseas | Printing papers and specialty businesses | USD 535 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax business improvement reserve established in June 1997. Includes $95 million for severance and other expenses. Most actions completed or announced by end of Q1 1998. | |||
| 1998-03-31 | restructuring | completed | 1997-12 | Imaging businesses | USD 125 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge recorded in December 1997 for anticipated losses on sale of remaining imaging businesses. | ||||
| 1998-03-31 | divestiture_reduction | completed | Imaging products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Certain imaging products printing and graphic arts businesses sold in late February 1998. | ||||||
| 1998-03-31 | divestiture_reduction | completed | Imaging businesses | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Remaining imaging businesses sold early in the 1998 second quarter. | ||||||
| 1998-03-31 | acquisition_addition | completed | 1998-02 | Turkey | Containerboard and corrugated boxes | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Joint venture with Olmuksa for manufacture of containerboard and corrugated boxes. | ||||
| 1998-03-31 | acquisition_addition | completed | 1998-02 | Australia and New Zealand | Food service products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Joint acquisition of Australian-based Continental Cup with Carter Holt Harvey. | ||||
| 1998-03-31 | acquisition_addition | completed | 1997-09 | Door facing products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Merbok Formtec. | |||||
| 1998-03-31 | acquisition_addition | completed | 1997-11 | Graphics supply | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Taussig Graphics Supply, Inc. | |||||
| 1998-03-31 | acquisition_addition | announced | 1998-04 | United States | Corrugated manufacturing | USD 232 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Merger with Weston Paper and Manufacturing Company completed in April 1998 via stock exchange valued at approx $232 million. | |||
| 1997-12-31 | restructuring | in_progress | 1997-06-30 | 1998-12-31 | United States and Europe | Printing Papers and Specialty Products | USD 95 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Business improvement reserve of $535M pre-tax total; $95M allocated to severance and other expenses. Approximately $28M of cash costs incurred in 1997; remainder to be spent in 1998. Annual EBIT improvement of ~$100M expected by end of 1998. No employee count disclosed. | ||
| 1997-12-31 | plant_closure | completed | 1997-06-30 | 1997-12-31 | United States | Printing Papers | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed 1997 actions included shutdown of Woronoco MA mill, two paper machines at Erie PA, one paper machine at Mobile AL, Lock Haven PA de-inking operation, one machine at Moss Point MS, and two container plants in California. No employee counts disclosed. | |||
| 1997-12-31 | divestiture_reduction | in_progress | 1997-12-31 | 1998-06-30 | United States and Europe | Specialty Products (imaging, nonwovens, specialty panels) | USD 125 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 1997 charge of $125M pre-tax for anticipated losses on sale of remaining imaging businesses. Divestitures of imaging, Veratec nonwovens, and several specialty panel businesses expected to close by mid-1998, representing ~$1.1B in net sales. No employee counts disclosed. | ||
| 1997-12-31 | restructuring | completed | 1996-03-31 | 1997-12-31 | United States | Multiple segments | USD 80 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1996 restructuring program: $515M pre-tax charge including $80M severance. $34M cash costs incurred in 1996, substantially all remainder spent in 1997. Annual EBIT improvement of just over $100M achieved in 1997. No employee count disclosed. | ||
| 1997-12-31 | restructuring | in_progress | 1997-06-01 | 1998-12-31 | Global | Printing Papers, Specialty Businesses | USD 535 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | June 1997 business improvement reserve of $535 million pre-tax ($385 million after-tax) for closing/divesting operations. Includes $95 million for severance and other expenses. Employee count not explicitly disclosed in narrative. | ||
| 1997-12-31 | restructuring | completed | 1996-03-01 | 1997-12-31 | Global | Various | USD 515 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | March 1996 restructuring charge of $515 million pre-tax. Included $80 million in associated severance costs. Substantially all cash costs spent in 1997. | ||
| 1997-12-31 | restructuring | in_progress | 3,015 | 1997-06 | 1998-12-31 | United States and Europe | Printing Papers, Packaging, Distribution, Corporate | USD 42 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1997 Business Improvement Program: $535M pre-tax total charge ($385M after taxes) including $230M asset write-downs, $210M estimated losses on business sales, and $95M severance/other expenses. Severance component of $42M covers reduction of 3,015 employees; 1,137 terminated through 1997-12-31. Completed actions include shutdowns of Woronoco MA mill, two Erie PA machines, one Mobile AL machine, Lock Haven PA de-inking, one Moss Point MS machine, and two California container plants. Annual EBIT improvement of ~$100M expected by end of 1998. | |
| 1997-12-31 | divestiture_reduction | in_progress | 1997-12 | 1998-12-31 | United States and Europe | Specialty Products — Imaging | USD 125 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 1997 pre-tax charge of $125M ($80M after taxes) for anticipated losses on sale of remaining imaging businesses. Sale agreement for printing and graphic arts operations reached in early 1998 (subsequent event). Employee count not disclosed. | ||
| 1997-12-31 | restructuring | in_progress | 1,595 | 1996-03 | 1998-12-31 | United States and Europe | Imaging, Veratec, Zanders, Corporate | USD 80 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1996 restructuring program: $515M pre-tax total charge ($362M after taxes) including $305M asset write-downs, $100M SFAS 121 impairments, $80M severance, $30M other. Program targeted 1,955 employee reductions; 1,595 terminated cumulatively through 1997-12-31. Cumulative through fiscal year-end. Remaining reserve balance $32M at 1997-12-31. | |
| 1997-12-31 | acquisition_addition | completed | 1997-09 | 1997-09-30 | International (Asia) | Specialty Products — Masonite door facings | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Merbok Formtec, a developer of doorfacing products through postforming medium density fiberboard. Employee count not disclosed. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-11 | 1997-11-30 | United States | Distribution | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of stock of Taussig Graphics Supply, Inc., a distributor of graphic arts products. Employee count not disclosed. | |||
| 1997-12-31 | acquisition_addition | announced | 1998-02 | 1998-06-30 | United States | Packaging — Industrial | USD 232 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced merger with Weston Paper and Manufacturing Company via share exchange valued at $232M. Weston operates one corrugating medium mill and 11 container plants. Expected to close Q2 1998 subject to due diligence, regulatory and shareholder approvals. Employee count not disclosed. | ||
| 1997-12-31 | divestiture_reduction | announced | 1998-02 | 1998-12-31 | United States and Europe | Specialty Products — Imaging, Nonwovens, Specialty Panels | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement reached in early 1998 to sell printing and graphic arts businesses of imaging products division. Company also plans to divest Veratec nonwovens and several specialty panel operations during 1998, with combined net sales of approximately $1.1 billion. Employee counts not disclosed. | |||
| 1997-09-30 | restructuring | in_progress | 1997-06-30 | 1998-12-31 | United States and international | Printing Papers and Specialty Products | USD 535 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Includes closures of Woronoco MA mill, three lines at Erie PA, Lock Haven de-inking pulp, Moss Point MS paper machine, two California container plants, plus divestitures of Imaging Products, Papeteries de Lancey, three kraft bag plants, and other specialty businesses. No employee headcount disclosed. | ||
| 1997-09-30 | plant_closure | in_progress | 1997-06-30 | United States | Printing Papers | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Woronoco MA mill closure; three production lines at Erie PA (two shutdown to date); Lock Haven PA de-inking pulp operation (shutdown complete); Moss Point MS paper machine (shutdown complete); two container plants in California. No employee counts disclosed. | ||||
| 1997-09-30 | acquisition_addition | completed | 1997-09-30 | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merbok Formtec acquired in September 1997; no headcount or purchase price disclosed in this filing. | ||||||
| 1997-09-30 | divestiture_reduction | in_progress | 1997-06-30 | United States and international | Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Estimated losses on sales of Imaging Products (including Anchor pressroom chemicals), Papeteries de Lancey (sale completed), three multiwall kraft bag plants (sale completed), Veratec InterSpun, four low-pressure laminates plants, two particleboard facilities, two MDF facilities, six Pluswood distribution centers. No employee counts disclosed. | ||||
| 1997-09-30 | restructuring | in_progress | 1997-06-01 | 1998-12-31 | United States and overseas | Printing papers and specialty businesses | USD 95 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | June 1997 business improvement reserve included $95 million for severance and other expenses related to closing or divesting operations. Employee count not disclosed. | ||
| 1997-09-30 | restructuring | in_progress | 1996-03-01 | 1997-12-31 | Global | Various | USD 80 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | First quarter 1996 restructuring charge included $80 million in associated severance costs. Remainder of cash costs being incurred in 1997. Employee count not disclosed. | ||
| 1997-06-30 | restructuring | announced | 1997-06-30 | 1998-12-31 | United States and international | Printing Papers and Specialty Products | USD 535 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Includes $230M asset write-downs, $210M estimated losses on business sales, $95M severance. Closures: Woronoco MA mill, three Erie PA lines, Lock Haven PA de-inking, Moss Point MS kraft machine. No employee count disclosed. Expected ~$100M annual EBIT improvement by end of 1998. | ||
| 1997-06-30 | plant_closure | announced | 1997-06-30 | United States | Printing Papers | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of the $535M business improvement reserve. Specific closures: Woronoco MA mill, three production lines at Erie PA, de-inking pulp at Lock Haven PA, kraft paper machine at Moss Point MS. No employee counts disclosed. | ||||
| 1997-06-30 | divestiture_reduction | announced | 1997-06-30 | United States | Specialty Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Estimated losses on sales of Imaging Products, three multiwall kraft bag plants, Veratec InterSpun, four low pressure laminates plants, two particleboard, two MDF facilities, six Pluswood distribution centers. Part of $535M reserve. No employee counts disclosed. | ||||
| 1997-06-30 | restructuring | in_progress | 1997-06-30 | 1998-12-31 | United States and overseas | Printing Papers, Specialty Products | USD 535 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Established $535 million pre-tax reserve for closing/divesting operations. Includes $95 million for severance and other expenses. Employee count not disclosed. | ||
| 1997-06-30 | restructuring | completed | 1996-03-31 | 1997-12-31 | Global | Various | USD 515 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Prior year charge of $515 million pre-tax. Included $80 million in associated severance costs. Employee count not disclosed. | ||
| 1996-12-31 | restructuring | in_progress | 1996-01-01 | 1997-12-31 | United States | Multiple segments including imaging products | USD 515 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q1 1996 pre-tax charge of $515M including $80M severance and $30M other expenses; $110M accrual for one-time cash costs with $34M incurred in 1996 and remainder in 1997. No employee headcount disclosed. | ||
| 1996-12-31 | acquisition_addition | completed | 1996-03-12 | 1996-03-12 | United States, United Kingdom | Printing papers, packaging, forest products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Federal Paper Board merger completed March 12, 1996; approximately $1.3B cash and $1.4B stock plus $800M assumed debt. No headcount added disclosed. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-08-01 | 1996-08-31 | Finland | Specialty chemicals | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Forchem, a tall oil and turpentine processor in Finland, acquired for approximately $100 million. No headcount added disclosed. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-09-01 | 1996-09-30 | Australia | Forest products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Carter Holt Harvey acquired Forwood Products, timber processing business of South Australian Government, for approximately $100 million. No headcount added disclosed. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-03-29 | 1996-03-29 | Oregon and Washington, United States | Forest Products — Forestlands | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | IP Timberlands sold 98% general partnership interest in subsidiary owning ~300,000 acres of forestlands; $592M pre-tax gain recognized. No employee headcount disclosed. | |||
| 1996-12-31 | restructuring | completed | 1996-03-29 | 1997-12-31 | Global | Various | USD 515 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax charge of $515 million for restructuring and strengthening existing businesses. Included $80 million in associated severance costs. Accruals for one-time cash costs totaled $110 million; approximately $34 million incurred in 1996, remainder to be spent in 1997. Employee count not explicitly disclosed. | ||
| 1996-09-30 | restructuring | in_progress | 1996 | 1997 | United States and international operations | Primarily Specialty Products (about three quarters of charge); Printing Papers, Packaging and Forest Products each about 10% | USD 515 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-authorized first-quarter 1996 program: $250M asset write-offs, $100M impairments, $80M severance, $85M other (incl. lease cancellations); $362M after taxes. One-time cash cost accruals of $165M, about $100M expected in 1996 with the remainder in 1997. No employee count disclosed. Expected annual pre-tax savings of about $70M in 1996 and $100M in 1997. | ||
| 1996-09-30 | acquisition_addition | completed | 1996-03-12 | 1996-03-12 | United States | Forest and paper products (Federal Paper Board) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed 1996-03-12 for about $1.3B cash and $1.4B in IP stock (35.4 million shares); Federal contributed about 8% of third-quarter 1996 net sales. No headcount added disclosed. | |||
| 1996-09-30 | acquisition_addition | completed | 1996-08 | 1996-08 | Finland | Tall oil and turpentine processing (Forchem) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired in August 1996; preliminary purchase price allocation included in the September 30, 1996 balance sheet. No headcount added disclosed. | |||
| 1996-09-30 | acquisition_addition | completed | 1996-09 | 1996-09 | Australia | Timber processing (Forwood Products, acquired by Carter Holt Harvey) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Timber processing business of the South Australian Government; preliminary purchase price allocation included in the September 30, 1996 balance sheet. No headcount added disclosed. | |||
| 1996-09-30 | restructuring | in_progress | 1996-03-29 | 1997-12-31 | Global | Specialty Products, Printing Papers, Packaging, Forest Products | USD 515 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Board authorized management actions in Q1 1996. Pre-tax charge of $515 million includes $250 million asset write-off, $100 million asset impairments, $80 million severance, and $85 million other expenses. Cash costs of $165 million expected to be incurred in 1996 and 1997. Majority of charge relates to Specialty Products segment for consolidation of imaging products business in US and Europe. | ||
| 1996-06-30 | restructuring | in_progress | 1996-03 | 1997-12-31 | United States and international operations | Primarily Specialty Products (about three quarters of the charge); Printing Papers, Packaging and Forest Products each about 10% | USD 515 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-authorized restructuring announced during Q1 1996 (exact date not disclosed). Charge comprises $250M asset write-offs, $100M impairments, $80M severance and $85M other costs including lease cancellations; $165M accrued for one-time cash costs, about $100M expected in 1996 with the remainder in 1997. No employee headcount affected is disclosed. Expected annual pre-tax savings of about $70M in 1996 and $100M in 1997. Segment allocation is stated only as approximate shares, so a single consolidated record is emitted. | ||
| 1996-06-30 | acquisition_addition | completed | 1996-03-12 | 1996-03-12 | United States | Forest and paper products (Federal Paper Board) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed March 12, 1996 for approximately $1.3 billion cash and $1.4 billion in IP common stock (35.4 million shares); Federal results consolidated from that date. No employee headcount added through the merger is disclosed. | |||
| 1996-06-30 | restructuring | in_progress | 1996-03-31 | 1997-12-31 | Specialty Products, Printing Papers, Packaging, Forest Products | USD 515 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $515 million includes $80 million in severance costs and $85 million in other expenses. Employee count not disclosed. | |||
| 1996-03-31 | restructuring | in_progress | 1996-03-31 | 1997-12-31 | United States and international operations | Primarily Specialty Products (about three-quarters of charge); Printing Papers and Packaging about 10% each; Forest Products about 5% | USD 515 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of $515M ($362M after taxes, $1.35/share) comprising $260M asset write-offs, $88M impairments, $115M severance, $52M other. Severance and other cash accruals totaled $167M; ~$100M expected in 1996, remainder in 1997. No employee headcount affected was disclosed. Expected annual pre-tax savings of ~$70M in 1996 and $100M in 1997. | ||
| 1996-03-31 | acquisition_addition | completed | 1996-03-12 | 1996-03-12 | United States | Diversified forest and paper products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger with Federal Paper Board completed March 12, 1996; acquired for ~$1.3B cash and $1.4B in IP common stock (35.4 million shares). No employee headcount added was disclosed. | |||
| 1996-03-31 | divestiture_reduction | completed | 1996-03-29 | 1996-03-29 | Oregon and Washington, United States | Forest Products — timberlands | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | IP Timberlands Ltd. sold a 98% general partnership interest in a subsidiary partnership owning ~300,000 acres of forestlands, including roads and $750M of long-term debt. Recognized a $592M pre-tax gain. No employee headcount impact disclosed. | |||
| 1996-03-31 | restructuring | in_progress | 1996-03-31 | 1997-12-31 | Global | Specialty Products, Printing Papers, Packaging, Forest Products | USD 515 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $515 million includes $115 million in severance costs and $52 million in other expenses. Employee count not disclosed. | ||
| 1995-12-31 | restructuring | announced | 2,100 | 1996-02-13 | United States and Europe | Primarily imaging products; multiple businesses | USD 500 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge of ~$500M ($350M after taxes, $1.35/share) in Q1 1996; includes $340M asset write-offs/impairments, $115M severance, $45M exit costs. Approximately half relates to imaging products. Expected pre-tax savings of $70M in 1996 and $100M in 1997. | ||
| 1995-12-31 | acquisition_addition | completed | 12,500 | 1995-04-30 | 1995-05-01 | New Zealand, Australia, and other international | Primarily Carter Holt Harvey; other 1995 acquisitions | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisitions during 1995, primarily Carter Holt Harvey, added 12,500 employees. CHH ownership increased to 50.2% with consolidation effective May 1, 1995. | ||
| 1995-12-31 | acquisition_addition | completed | 12,500 | 1995-04-01 | 1995-12-31 | New Zealand, Australia, Chile | Carter Holt Harvey | other f5-10k / Qwen3.6-27B-Q8_0 | Acquisitions during 1995, primarily Carter Holt Harvey, added 12,500 employees. | ||
| 1995-12-31 | restructuring | announced | 2,100 | 1996-02-13 | United States, Europe | Imaging Products, Corporate | USD 500 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Board approved actions on Feb 13, 1996 resulting in reduction of 2,100 jobs, primarily in U.S. and Europe. Pre-tax charge of $500 million. | ||
| 1995-09-30 | acquisition_addition | completed | 1995-04 | 1995-05-01 | New Zealand | Printing Papers; Packaging; Specialty Products; Forest Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of an additional ~26% of Carter Holt Harvey for ~$1.1B raised ownership to just over 50%; CHH consolidated from May 1, 1995. No employee counts disclosed. | |||
| 1995-09-30 | acquisition_addition | completed | 1995-01 | 1995-01 | United States (Michigan) | Distribution | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Assets of Seaman-Patrick Paper Company and Carpenter Paper Company acquired in exchange for ~988,000 common shares. No employee counts disclosed. | |||
| 1995-09-30 | acquisition_addition | completed | 1995-07 | 1995-07 | France | Distribution | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Common stock of Papeteries de Lana, a French paper distribution company, acquired. No employee counts disclosed. | |||
| 1995-09-30 | acquisition_addition | completed | 1995-09 | 1995-09 | United States (South Carolina) | Specialty Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | High pressure laminates business of Westinghouse acquired in Hampton, SC. No employee counts disclosed. | |||
| 1995-09-30 | acquisition_addition | completed | 1995-10 | 1995-10 | France (Niort) | Specialty Products | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ink resin business of DSM acquired in October 1995, after quarter end. No employee counts disclosed. | |||
| 1995-09-30 | acquisition_addition | announced | 1995-11-06 | United States | Forest Products (Federal Paper Board) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger with Federal Paper Board announced Nov 6, 1995, valued at ~$3.5B including assumed debt; expected to close in Q1 1996, subject to shareholder and regulatory approval. No employee counts disclosed. |